Question

on what sum of money will the compound intrest of 2 years at 5% per annum ammounts to 768.75​

Answer 1

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A = Rs.768.75

r = 5%

n = 2 years

A = P (1 + r/100) ⁿ

➪ 768.75 = P(1+5/100)²

➪ P = 697.27

➪ P ~ 697.5

Hence,sum = Rs.697.5 (approx)

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