Question

what amount of money should Mohan invest in a bank to work in order to get rupees 1323 in 2 years at 5% compounded annually

Answer 1

☆Hello friend☆

Amount = Principal( 1 +r/100)^n
Rs 1323 = P (1+ 5/100)^2
Rs 1323= P ( 105/100)^2
Rs 1323 × 100/105 × 100/105 = Principal
Rs 1200 = Principal

$hope \: it \: helps$

☺☺☺

Answer 2

principal is not given whereas amount=1323,
rate=5%,time=2 year then,
Amount=p(1+r/100)^n
1323=p(1+5/100)^2
p=1323*105/100*105/100
p=rs1200 Answer
thanks