Question

As what sum the compound interest will become Rs. 1373.36 at 12$\%$ p.a. after 2 years.

Answer 1

C.I = 1373.96
Rate = 12$\%$
Years = 2
C.I = A-P
$A=P{(1+\frac{R}{100})}^2$
$C.I=P{(1+\frac{12}{100})}^2-P$
$1373.36=P[\frac{\text{/}{112}^{\text{/}{55}^{28}}}{\text{/}{100}^{\text{/}{50}^{25}}}-1]$
$1373.36=P[\frac{28\times 28}{625}-1]$
$1373.36=P\left[\frac{700-625}{625}\right]$
$1373.36=\frac{\text{/}{75}^{3}P}{\text{/}{625}_{25}}$
P = 11444.667