what a sum will amount to rupees 16500 at 5 percent annum for 2 years if the interest is compounded annually?
Answers
Answered by
34
A=P(1+R/100)^N
16500=P(1+5/100)²
16500=P(1+1/20)²
16500=P(20/20+1/20)²
16500=P(21/20)²
16500=P×21/20×21/20
16500÷21/20=21/20×P
15714.28=21/20P
15714.28÷21/20=P
14965.98=P
Answered by
7
Answer :
The answer is 14965.99 ( correct upto two decimal places )
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