Math, asked by kharejanhavi2007, 18 hours ago

s person borrowed a certain sum of money at the rate of 15%p.a. compound interest. He paid rp 1290 as interest after two years. find the sum brrowed.

Answers

Answered by harshitagsk

1

Answer:

Given details are,

Rate = 15 % per annum

Time = 2 years

CI = Rs 1290 By using the formula,

CI = P [(1 + R/100)n – 1]

1290 = P [(1 + 15/100)2 – 1]

1290 = P [0.3225] P = 1290/0.3225 = 4000

∴ The sum is Rs 4000.

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