Question

The compound interest on a certain sum for 2 years at 10 per annum is rs 1050. Find the principal

Answer 1

Answer:

5000

Step-by-step explanation:

see the solution above

Answer 2

Answer:

Ur answer is ₹5000

Step-by-step explanation:

A= P(1+r/n)^nt

where A=P + C.I

P is principle amount , C.I is compound interest, r is rate of interest, n is no. of times interest is compounded, t is time period.

P+C.I= P(1+0.1)^2

P+1050=P(1.21)

1050=.21P

P=5000Rs.