Question

what sum of money will amount to rs.13230 in 2 years time at the rate of 5% per annum compounded annually?

Answer 1

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

Answer 2

ʀs-12000.

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