What is the principal, if it amounts to 3528 at 5 p.c.p.a. compound interest
for 2 years?
(1) 3200 (2) 3000 (3) 2800
(3) 2800 (4) 3100
Answers
Answered by
1
Answer:
(2) 3200
Step-by-step explanation:
3528=P(1+5/100)²
3528= P(11025/10000)
P=3528/1.1025
P=3200
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