Question

on what sum will be the compound interest for 2 years at 4% per annum 5712​

Answer 1

given data

r= 4%

time = 2 years

sum of amount x+5712

x+5712 = x(1+4/100)^2

x+5712 = x(26/25)^2

x = [(x+5712)×625]/676

x = (5712×625)/51

x = 70000 ans