Practicing Success
Practicing Success
CUET Preparation Today
A certain sum amounts to Rs.280900 in 2 years at 6% per annum, interest compounded annually. The sum is: |
Rs.250000 Rs.200000 Rs.350000 Rs.550000 |
Rs.250000 |
The Formula that we used here is - Amount = P$(1 \;+\; \frac{R}{100})^t$ 280900 = P ( 1 + \(\frac{6}{100}\) )² 280900 = P ( \(\frac{53}{50}\) )² 280900 × \(\frac{50}{53}\) × \(\frac{50}{53}\) = P P = 2,50,000 |
