Question

what sum of money will amount to rupees 5445 in 2 years at 10 % per annum compound interest​

Answer 1

Step-by-step explanation:

let principal = x

amount = 5445

rate = 10%

time 2years.

amount = principal (1+rate/100)^time

5445 = x (1+ 10/100)^2

5445 = x ( 110 / 100)^2

5445 = x (1.10)^2

5445 = x * 1.21

1.21x = 5445

x = 5445 / 1.21

X = 4500

principal = rs. 4500