what sum of money will amount to rupees 18150 in 2 years at 10% per annum compounded annually
Answers
Answered by
32
18150= x(1+10/100)^2
18150=x(11/10)^2
18150=x(121/100)x
x= 18150×100/121=15000
18150=x(11/10)^2
18150=x(121/100)x
x= 18150×100/121=15000
ankit6390:
ur wlcm dear:)
Answered by
91
Heya ✋
Let see your answer !!!!
Given that
A = ₹18,150
T = 2 years
R = 10 % p.a.
P = ?
Solution
When the interest is compounded annually
A = P(1 + R/100)^n
=> 18,150 = P(1 + 10/100)^2
=> 18,150 = P(100 + 10/100)^2
=> 18,150 = P(110/100)^2
=> 18,150 = P(11/10)^2
=> 18,150 = P × 121/100
=> P = 18,150 × 100/121
=> P = ₹15,000
Thanks :)))))
Let see your answer !!!!
Given that
A = ₹18,150
T = 2 years
R = 10 % p.a.
P = ?
Solution
When the interest is compounded annually
A = P(1 + R/100)^n
=> 18,150 = P(1 + 10/100)^2
=> 18,150 = P(100 + 10/100)^2
=> 18,150 = P(110/100)^2
=> 18,150 = P(11/10)^2
=> 18,150 = P × 121/100
=> P = 18,150 × 100/121
=> P = ₹15,000
Thanks :)))))
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