Math, asked by rocky80, 1 year ago

the compound interest on a certain sum of money amount to Rupees 820 for 2years at the rate of 5% annum compounded annually .find the sum

Answers

Answered by Anonymous

26

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Answered by Geekydude121

7

Let the Sum be P

Thus

Compound interest = P * [1 + R/100]^n

thus

820 = P * [ 1 + 0.05] ^2
P = 820 / 1.1025
= 743.76 Rs

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