The Amount received when a sum of Rs.500 i
s invested
at 12% per annum for 2 years, if the interest is
compounded a

2 thoughts on “The Amount received when a sum of Rs.500 i<br />s invested<br />at 12% per annum for 2 years, if the interest is<br />compounded a”

1. Answer:

   Rs 1600

   Step-by-step explanation:

   CI=A-P.

   164=p(1+R/100) n-p

   p[(1+R/100)N-1]

   x[(1+5/100)2-1]

   x([(105/100)2-1]

   164=x((1.05)2-1)

   x=164/((1.05)2-1)

   164/0.1025

   = Rs 1600

   The the required sum = Rs 1600

   Reply

2. Given details are,

   Rate = 5 % per annum

   Compound Interest (CI) = Rs 164

   Time (t) = 2 years

   By using the formula,

   Let P be ‘x’

   CI = A – P

   164 = P (1 + R/100) n – P

   = P [(1 + R/100)n – 1]

   = x [(1 + 5/100)2 – 1]

   = x [(105/100)2 – 1]

   164 = x ((1.05)2 – 1)

   x = 164 / ((1.05)2 – 1)

   = 164/0.1025

   = Rs 1600

   ∴ The required sum is Rs 1600

   Reply