Q28 of 89 Page 14

Sum of money amounts to Rs. 453690 in 2 years at 6.5% per annum compounded annually. Find the sum.

Given,


Amount = Rs.453690


Time = 2 years


Rate = 6.5 % p.a


Let principal = Rs. P


So,


A =


=


=


=


Hence ,


Principal = Rs. 400000


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