Math, asked by uditn1259, 4 months ago

the compound interest on a certain sum of money amounts to 820rs for 2 year at the rate of 5% per annum compound annually. find the sum

Answers

Answered by 2008shrishti

0

Answer:

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

Step-by-step explanation:

Hope this answer will help you ✌

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