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प्रश्न
What sum of money will amount to ₹ 11,025 in 2 years at 5% p.a. compounded annually?
बेरीज
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उत्तर
Given:
- Amount (A) = ₹ 11,025
- Time (n) = 2 years
- Rate (R) = 5% per annum
- Interest is compounded annually
Compound Interest:
`A = P(1 + R/100)^n`
`11025 = P(1 + 5/100)^2`
= P(1.05)2
= P × 1.1025
⇒ `P = 11025/1.1025`
⇒ P = ₹ 10,000
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