Question

what sum of money will amount to 3630 in 2 years at 10%per annum compound interest

Answer 1

Your answer is given.
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Answer 2

Let the sum of money be Rs x.

Time=2years
Rate=10%p.a.
Amount=Rs 3630

Amount=P(1+r/100) power time
3630=x(1+10/100) powr 2
3630 = x * 110 * 110 / 100*100
3630 * 10000 / 12100 = x
x = 36300000/12100
x = 3000

Principal = Rs 3000

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