Question

What sum of money amount to 18150 in 2 years at 10% per annum compounded annually

Answer 1

Answer:

I = p x r x n / 100

I = 18150 x 10 x 2 / 100

I = 1815 x 2

I = 3630

A = I + p

A = 18150 + 3630

[ A = 21780 ]

Answer 2

Answer:

Heya ✋

Let see your answer !!!!

Given that

A = ₹18,150

T = 2 years

R = 10 % p.a.

P = ?

Solution

When the interest is compounded annually

A = P(1 + R/100)^n

=> 18,150 = P(1 + 10/100)^2

=> 18,150 = P(100 + 10/100)^2

=> 18,150 = P(110/100)^2

=> 18,150 = P(11/10)^2

=> 18,150 = P × 121/100

=> P = 18,150 × 100/121

=> P = ₹15,000

Thanks :)))))

Step-by-step explanation: