Let us calculate the principal that at the rate of 5% compound interest per annum becomes ₹615 after two years.
Let principal = ₹x
At the rate of 5% compound interest per the annum the amount for 2 years ![]()
![]()
![]()
∴ Compound interest for 2 years ![]()
By the condition, ![]()
![]()
![]()
![]()
∴ x = ₹6000
∴ Principal is ₹6000
Couldn't generate an explanation.
Generated by AI. May contain inaccuracies — always verify with your textbook.