Question

what is the principal if it amount to Rs 3528 at 5 p.c.p.a compound interest for 2 years

Answer 1

a=p(1+r/100)2 then a=3528(1+5/100)2 the a=3528(1+1/20)2 then a=3528(20+1/20)2 the a=3528(21 /20)2. then a=3 528*21/20*21/20 then3889.62 then c.i=A-P then 3889.62+3528=361.62.