Question

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

Answer 1

Answer:

sum =70,000

Step-by-step explanation:

Let sum be P

Time = 2 years

Rate of interest = 4%

Compound interest =5712

ATQ,

5712 = P[ (1+4/100)² -1]

5712 =P[ (26*26/25*25) -25*25 ]

5712 =P(676-625/625)

5712 =P( 51/625)

5712×625/51 = P

P= 70,000