On what sum of money will the compound interest for 2 years at 5 per cent per annum amount to ₹ 768.75 ?
Binson1:
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Answers
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a= p(1+r/100)™
768.75=p(1+5/100)(1+5/100)
768.75=p*21/20*21/20
768.75=p*441/400
p=768.75*400/441
p=307500/441
p=697.27
768.75=p(1+5/100)(1+5/100)
768.75=p*21/20*21/20
768.75=p*441/400
p=768.75*400/441
p=307500/441
p=697.27
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