the compound interest on certain sum for 2yrs at 10%PA is 1050, then the sum is?
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C.I=1050
AMOUNT=1050+P
Sum=P=?
n=2
R=10%
A=P×(1+R/100)power n
1050+P=P×(1+10/100)power 2
1050+P=P×(11/10)power 2
1050+P=P×121/100
1050=P×121/100-P
1050=P×21/100
1050÷21/100=P
1050×100/21=P
5000=P
SO ANSWER IS 5000
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