Question

Yashu needs * 236027.904 to purchase a car after
years. How much money should he deposit in th
bank to get required sum if rate of interest is 12% pa
compounded annually?​

Answer 1

Answer:

principal - 9834.496

Step-by-step explanation:

amount = 236027.904

rate of interest = 12•/•

time= 1. S.I = A- P

let P be x..

s.i = P X R X T÷ 100

A-x = x ×12×1÷ 1

236027.904 - x= x× 12

236027.904÷ 12 = x + x

19668.992 = 2x

x = 19668.992÷ 2

x = 9834.496........