Question

se the correct option:
Frank deposited some amount at 6.75%p.a. for 2 years and he received 45582.25 after 2 years. What is
the amount deposited by him?
(a38000
(b) 40000 o (c) 41412 O (d) 42280​

Answer 1

Answer:

• B.40000

Step-by-step explanation:

• Effective percentage formula: a+b+ab/100
• 6.75+6.75+ [(6.75X6.75)/100]
• 13.5+0.45= 13.95%

• X+ 13.95% of X= 45582.25
• X+ (13.95 multiplied by X divided by 100)= 45582.25
• 100X + 13.95X= 4558225
• 113.95X= 4558225
• X= 40001....