Question

What principal will amount to ₹20,800 in 2 years at the rate of 2% p.a. ? ​

Answer 1

Answer:

2,0000

Step-by-step explanation:

Amount=20,800

Time=2 years

Rate=2%

P+I=A

I=A-P

intrest=PTR/100

amount-principal=PTR/100

20800-P=P×2×2/100

20800-P=P×4/100

1/25

25(20800-P)

520,000-25=P

520,000=26P

P=520,000/26

so,P=20,000