Question

what sum of money will amount to 11449 in 2 years at 7% per annum compound interest


pls ans this question this is maths by steps also
give correct ans​

Answer 1

Step-by-step explanation:

Explanation:

Amount = Rs.(30000+4347) = Rs.34347

let the time be n years

Then,30000(1+7/100)^n = 34347

(107/100)^n = 34347/30000 = 11449/10000 = (107/100)^2