Question

what sum will amount to Rs 12167in 05years at 4%p.a compound interest?​

Answer 1

Answer:

Principle - 12167

rate- 4% p.a

time - 5

amount= P×(1+4/100)

12167×104/100

=12653.68

Answer 2

Given:

Amount = Rs 12167

Time = 5 years

Rate = 4%

To find:

The sum that will amount to Rs. 12167

Solution:

Using the formula to calculate the compound interest -

A = P ( 1 +r/100)`n

Substituting the values -

12167 = P ( 1 + 4/100)`5

12167 = P ( 26/25)`5

P = 12167 × 25 × 25 × 25 × 25 × 25 / 26 × 26 × 26 × 26 × 26

P = 12167 × 625 ×  625 × 25 / 26 × 676 × 676

P = 12167 × 0.9 ×  0.9 × 25 / 26

P = 246381/26

P = 9674.19

Answer: The sum (P) will be Rs. 9647.19