Question

on what sum will be compound interest at 5% per annum for 2 years compounded annually be rupees 164

Answer 1

hi Adarsh

➡Since we don't know the required sum

let be = X


✴Given as

Rate = 5%
Time = 2 yrs
Compound Interest = 164

❇As we know that

Compound Interest = Amount - Principal Amount

164 = Amount - X
Amount = 164+X
$amount = p{(1 + \frac{r}{100} )}^{n} \\ 164 + x = x(1 + 0.05) {}^{2} \\ 164 + x = x(1.10) \\ 164 = x(1.10) - x \\ 164 = 0.1x \\ x = 1640$


✅Hence the Required Amount will be 1640


hope it helps
jerri

Answer 2

Answer:

ANSWER WILL BE 1600

Step-by-step explanation:

THE ANSWER GIVEN ABOVE IS WRONG