Question

Varun deposited a certain sum of money in a bank for 2 years at 10p.c.p.a compound interest. The amount that he finally gets back is rupees 10,890. What is the sum of the money that he deposited initally.
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Answer 1

Answer:

₹9000

Step-by-step explanation:

amount=10890

10890=P(1+1/10)^2

10890=P(1.1)(1.1)

10890=1.21(P)

P=9000

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