Question

What principal will amount to 9768₹ in two years,if the rate of interest for successive years are 10%p.a and 11%p.a respectively?

Answer 1

Answer:

80000

Step-by-step explanation:

A = P(1+R1/100)(1+R2/100)

9768 = P(1+10/100)(1+11/100)

9768 = P * 11/10 * 111/100

P = 9768 * 10 * 100/ 11 * 111

P = 8000

Hope this helps

Answer 2

Answer:

It is the correct answer Hope it will help you Thanks