Question

The ci for a sum of moneu for 2 years at the rate f 10% per annum compounded annually is rs 315

Answer 1

Answer:

1575 is sum or principal

Step-by-step explanation:

FORMULA FOR CI=

A=P(1+rt/100)

a=P+i

P+I=P(1+RT/100)

P+315=P(1+20/100)

P+315=P(6/5)

315=P/5

P=1575

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