On what sum will the compound interest at 5% per annum for 2 years compounded annually be rs 164?
Answers
Answered by
6
164=p(5/100)²
²is no of years 5is rate Pis principal P=164*(105/100)2 =164*100/105*100/105 =145.75
²is no of years 5is rate Pis principal P=164*(105/100)2 =164*100/105*100/105 =145.75
Answered by
1
Principal = 164×(105/100)^2
=125.75
shalmalibhalerao:
sorry its 145.75
Similar questions