Question

On which principal will the compound interest be 306 in 2 years at 4% per annum?​

Answer 1

compound interest =p{(1+r/100)^2-1}

306 =p{(1+4/100)^2-1}

306 =p(26/25)^2-1

306 =p (676-625/625)

306 =p×51/625

306×625/51=p

3750=p

therefore,

principal=rs3750