Question

The sum of amount to rs.23762 in 2years at 9percent per annum compounded anually.Find the sum.​

Answer 1

Step-by-step explanation:

The Principal Sum is Rs. 20000

Step-by-step explanation:

Amount (A) = Rs. 23762/-

Rate of Interest (R) = 9%

Time (T) = 2 years

Now, we know that,

A = P \times (1 + \frac {R}{100})^nA=P×(1+

100

R

)

n

23762 = P \times (1 + \frac {9}{100})^223762=P×(1+

100

9

)

2

23762 = P \times \frac {109}{100} \times \frac {109}{100}23762=P×

100

109

×

100

109

Hope this helps you.

P = Rs \frac {23762 \times 100 \times 100}{109 \times 109}P=Rs

109×109

23762×100×100

P = Rs 20000

The Principal Amount is Rs. 20000

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Answer 2

Step-by-step explanation:

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