What sum will amount to ₹24494.40 in 2 years at 8 % per annum, if compound interest is compounded annually?

₹21200 ₹22400 ₹21000 ₹22000

₹21000

The Formula that we used here is - Amount = P$(1 \;+\; \frac{R}{100})^t$ 24494.40 = P [ 1 + \(\frac{8}{100}\)]² 24494.40 = P [  \(\frac{27}{25}\)]² 24494.40 = P × \(\frac{27}{25}\)  × \(\frac{27}{25}\) P = 21000