On what sum of money will the compound interest for 2 years at 8% per annum be Rs7488???
Ans:- Rs45000
answer with process...... best answer will mark as brainlist....
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Hey!!!....here is ur answer
Let the sum of money is 100
So the Compound interest for 2 years will be..
8+8+8×8/100=16+0.64=16.64
It means 16.64--------7488
then 100-----7488×100/16.64=45000
So the sum of money is 45000
Hope it will help you
Let the sum of money is 100
So the Compound interest for 2 years will be..
8+8+8×8/100=16+0.64=16.64
It means 16.64--------7488
then 100-----7488×100/16.64=45000
So the sum of money is 45000
Hope it will help you
Anonymous:
why
CI = P(1+R/100)^t - P
this is the formula
I know dude....but I told you the Short trick to solve this question
it is a competitive method
...
ooo
but I not need competitive method
so plz do by the formula
then I can't do anything....apply your formula and got the answer
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