what principal will amount to rupees 21000 in a year at the rate of 5% per annum compound interest.
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Step-by-step explanation:
A = P [ 1 + R/100 ]^n
Given, A = 21000 , R = 5% , n = 1 yr
=> 21000 = P [ 1 + 5/100 ]¹
=> 21000 = P [ 21/20 ]
=> P = 21000 x 20/21 = 1000 x 20
.•. required principal = 20000
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hey girly
the answer is Rs. 20,000
hope it helps
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