Question

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

Answer 1

Answer:

Step-by-step explanation:

➡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

✅Hence the Required Amount will be 1640

hope it helps

Answer 2

Answer:

Step-by-step explanation:

➡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

✅Hence the Required Amount will be 1640

hope it helps