Question

What sum will become rupee 5408 after 2 years at 4% p.a. when interest is calculated compounded annually​

Answer 1

Answer:

5000

Step-by-step explanation:

it's a simple step without using formula,

interst = 4% which we can written it as = 1/25

if 25 is principle 1 part increases , 26

for 2 years , we have to square it,

principle AMOUNT

25² 26²

625 676

If 676 = 5408

625 = x

apply cross multiplication method,

x= 5000

which is principle amount