Question

what sum will amount to 6400 at 14% per annum in 4 yrs and why?

Answer 1

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Answer 2

Let Principal=₹P
A=₹6400
R%=14%p.a.
T=4years
A=₹P(1+R/100)^n
₹6400=₹P(1+14/100)^4
₹6400=₹P(114/100)^4
₹6400 ×100/114×100/114×100/114×100/114 =₹P
P=₹3789.31