On what sum of money will the compound interest for 2 years at 5%per annum amount to 768.75(using formula
Answers
Answered by
11
Heya ☺
Given that
A = ₹768.75
R = 5 % p.a.
T = 2 years
P = ?
Solution
When the interest is compounded annually
A = P(1+R/100)^n
=> 768.75 = P(1+5/100)^2
=> 76,875/100 = P(100+5/100)^2
=> 3,075/4 = P(105/100)^2
=> 3,075/4 = P(21/20)^2
=> 3,075/4 = P × 441/400
=> P = 3,075 × 400/4 × 441
=> P = ₹7,500
Thanks
Given that
A = ₹768.75
R = 5 % p.a.
T = 2 years
P = ?
Solution
When the interest is compounded annually
A = P(1+R/100)^n
=> 768.75 = P(1+5/100)^2
=> 76,875/100 = P(100+5/100)^2
=> 3,075/4 = P(105/100)^2
=> 3,075/4 = P(21/20)^2
=> 3,075/4 = P × 441/400
=> P = 3,075 × 400/4 × 441
=> P = ₹7,500
Thanks
rajlaxmimishra:
Absolutely wrong!
what is the answer
7500
let me see
i m doing again
see the answer now it is correct
Tqsm
Thanks
Answered by
0
n=2years
r= 5%
A=768.75
A=P[1+r/100]^n
768.75=P[1+5/100]^2
768.75=P[21/20]^2
768.75=P[441/400]
768.75*400/441=P
P= 697.27
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