On what sum of money will the compound
interest for 2 years at 5 per cent per annum
amount to * 768.75 ?
Answers
Answered by
9
Answer:
₹ 7500
Step-by-step explanation:
GIVEN :
C.I = ₹ 768.75 ; n = 2 years and r = 5 %
therefore A = P ( 1 + r ÷ 100 ) ^n
= A = P ( 1 + 5÷100 ) ^2
= A = P ( 21 ÷ 20) ^ 2 = 441 ÷ 400 P
THEREFORE A - P = C.I
441÷ 400 P - P = ₹ 768.75
41 ÷ 400 P - P = ₹ 768.75
P = ₹ 768.75 × 400 ÷ 41 = ₹ 7500
HOPE IT HELPS YOU....
Answered by
0
Answer : 7500 rupees is the correct answer
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