Question

what sum of money will amount to rupees 5,445 in 2 years at 10% . per annum compound interest.​

Answer 1

Answer:

what sum of money will amount to rupees 5,445 in 2 years at 10% . per annum compound interest

Answer 2

Using formula
A = P(1 + R/100)^T
A = 5445
T = 2 years
R = 10%

5445 = P(1 + 10/100)^2
5445 = P(11/10)^2
P = 5445 x 100/121 = 4500