Question

What sum of money will amount to * 2832 at 92% p.a. in 5 years?​

Answer 1

Step-by-step explanation:

a=p(1+r/100)^t

2832=p(1+92/100)^4

on solving

2832=p(48/25)^4

p=2832×25/48×25/48×25/48×25/48

p=208.4

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