Question

Pinky border certain sum of money from her friend at the end of 2 years cleared had developed by paying and interest of 4200 when the interest is compounded annually @ 10% find the sum of money Borrowed

Answer 1

Step-by-step explanation:

ATQ,

S.I = RS 4200

RATE (%) = 10 %

TIME = 2 YEARS

WE KNOW,

S.I=P*R*T/100

SO,

P=S.I*100/R*T

NOW PUTTING VALUES,

P=4200*100/10*2

THEREFORE,TOTAL MONEY BORROWED , P =RS 21,000.

HOPE IT HELPS U !!