What sum of money will amount to ₹2553.80 at 13 %per annum in two years interest being compounded anually?
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Answer:
Step-by-step explanation:
A = Rs. 2553.80, r = 13% p. a. n = 2 years.
begin mathsize 16px style straight A equals straight P open parentheses 1 plus straight r over 100 close parentheses to the power of straight n
2553.80 equals straight P open parentheses 1 plus 13 over 100 close parentheses squared
straight P equals Rs. space 2000 end style
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