on what sum of money will the compound interest for 2 years at 5% annual amount to rupees 76 8.75
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A=768.75
n=2
r=5
now applying the formula of compound interest
A=P (1+r/100)^n
768.75=P (1+5/100)^2
768.75=P (21/20)^2
768.75=P 21×21/20×20
768.75=P441/400
P=768.75×400/441
P=697.29
I hope it will help you
n=2
r=5
now applying the formula of compound interest
A=P (1+r/100)^n
768.75=P (1+5/100)^2
768.75=P (21/20)^2
768.75=P 21×21/20×20
768.75=P441/400
P=768.75×400/441
P=697.29
I hope it will help you
kiranmahapatra4:
thanks
ur wlcm
but answer Didn't came
697.29
no
7500
method is correct...may be some errors in calculation soo check the calculation
ok
thanks again
yaa
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