what sum of money will amount to rs.13230 in 2 years time at the rate of 5% per annum compounded annually?
Answers
Answered by
8
Answer:
Rs 12000
Step-by-step explanation:
Sum = Rs 13230
Period = 2 years
Rate = 5% p.a. compounded annually
Find the principal amount:
A = P(1 + r/100)ⁿ
13230 = P(1 + 5/100)²
1.1025P = 13230
P = 13230 ÷ 1.1025
P = Rs 12000
Answer: The amount is Rs 12000
Answered by
11
ʀs-12000.
ʜᴏᴘᴇ ʜᴇʟᴘs ᴅᴇᴀʀ....
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