Math, asked by savitahebballi, 1 year ago

what sum of money should be invested for 2 years at compound interest at the rate of 12% so that three sum of money increases to rupees 4704

Answers

Answered by abdul9838

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Hey mate here is Answering

solutions

As given

Time (n)=2 years

Rate (r)=12%

increases money (A)= 4704

As we know that

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

4704=p(1+12/100)^2

4704=p(112/100)^2

4704=p(28/25)^2

4704= p(28×28/25×25)

p=4704×625/28×28

p=672×625/4×28

p=96×625/4×4

p= 6×625

P= 3750 Rs

Thanks for asking

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