The principle which will amount to rs. 1352 in 2 years at 4 compound interest is
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Given
Compounded Amount = C= 1352
Time = n = 2 years
Rate of Interest Per Annum = i = 4℅
we know that
Compounded Amount = P(1 + I)^n
Substitute above information in this formula..
1352 = P(1+ 4/100)^2
1352 = P(1 + 0.04)^2
1352 = P(1.04)^2
1352 = P(1.0816)
1352/1.0816 = P
1250 = P
So..the principal amount = 1250
Compounded Amount = C= 1352
Time = n = 2 years
Rate of Interest Per Annum = i = 4℅
we know that
Compounded Amount = P(1 + I)^n
Substitute above information in this formula..
1352 = P(1+ 4/100)^2
1352 = P(1 + 0.04)^2
1352 = P(1.04)^2
1352 = P(1.0816)
1352/1.0816 = P
1250 = P
So..the principal amount = 1250
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