pl help me in 2 nd question
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Formula for compound interest is A=P(1+r)^t when compounded anually.
here A =2704
R=4/100
t=2
So, 2704=P(1+0.04)^2
2704=P(1.04)^2
P = 2704/1.0816
P =2500
Hope this helps..
here A =2704
R=4/100
t=2
So, 2704=P(1+0.04)^2
2704=P(1.04)^2
P = 2704/1.0816
P =2500
Hope this helps..
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