On what sum of money will the compound
interest for 2 years at 5 per cent per annum
amount to * 768.75 ?​

2 thoughts on “On what sum of money will the compound<br />interest for 2 years at 5 per cent per annum<br />amount to * 768.75 ?​”

1. Answer:

   ₹ 7500

   Step-by-step explanation:

   GIVEN :

   C.I = ₹ 768.75 ; n = 2 years and r = 5 %

   therefore A = P ( 1 + r ÷ 100 ) ^n

   = A = P ( 1 + 5÷100 ) ^2

   = A = P ( 21 ÷ 20) ^ 2 = 441 ÷ 400 P

   THEREFORE A – P = C.I

   441÷ 400 P – P = ₹ 768.75

   41 ÷ 400 P – P = ₹ 768.75

   P = ₹ 768.75 × 400 ÷ 41 = ₹ 7500

   HOPE IT HELPS YOU….

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2. Answer : 7500 rupees is the correct answer

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