Question

What sum of money will amount to 4608 ruppess , when deposited for 2 year at 20 percent per annum compound annually

Answer 1

hiii friend
here is your answer
$amount = principle \times ( {1 + \frac{r\%}{100} )}^{n} \\ 4608 = p \times ( {1 + \frac{20}{100} )}^{2} \\ 4608 \times \frac{25}{36} = p \\ \\ p = 3200$
so the final answer is rs.3200

glad to help you
hope it helps
thank you.

Answer 2

FIRSTLY

AMOUNT = 4608

RATE = 20%

TIME = 2 YEARS

PRINCIPLE = ?

SO,

amount=principle×(1+r/100 )^n

n

n 4608=p×(1+ 20/100)^2

2

2 4608× 25/36 = 3200

PRINCIPLE = 3200

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