Question

Raj gets an amount of rupee 15680 after 2 yr froms a fixed deposits with a bank giving a compound intrest at the rate of 12% per annum how much did he invest solce this equation

Answer 1

Step-by-step explanation:

A = 15680

t = 2yr

R = 12%

A = P ( 100 + R / 100 ) ^ t

15680 = P ( 100 + 12 / 100 ) ^ 2

P = 15680 × 100 × 100 / 112 × 112

P = 12500