Question

The total amounts to ₹ 10,000 in a year by compound interest at 5 p.c.p.a, then principal is ​

Answer 1

Answer:

principal is 500

Step-by-step explanation:

total amount 10000

compound interest 5%

principal?

%will be taken as 100

Answer 2

Step-by-step explanation:

$A = P(1 + {\frac{R}{100}})^{N} \\ 10000 = P {(1 + \frac{5}{100}) }^{1} \\ 10000 = P (1 + 0.05) \\ 10000 = P \times 1.05 \\ \frac{10000}{1.05} = P \\ \underline{ \underline{ 9524}} = P$