Question

On what sum of money will the compound
interest for 2 years at 5 per cent per annum
amount to 768.75 ?​

Answer 1

Step-by-step explanation:

Amount = Principal (1+ r/100)^n

Rs 768.75 = P(1 +5/100)^2

Rs 768.75 = P(105/100)^2

Rs 768.75 ×100/105 × 100/105 = P

Rs 697.2 = Principal