On what sum will the compounded interest at $5 %$ p.a. for $2$ years compounded annually be Rs. $164$ ?

Open in App

Solution

Let the sum be $x$ .
$x . (1.05)^{2} = 164$
$x = 148.75 r s$

Suggest Corrections

Similar questions

On what sum will the compound interest at $5 %$ p.a. annum for 2 years compounded annually be Rs. 164?

5 %

2

R s .164 ?

5 %

2

164

What will be the compound interest on a sum of Rs.15000 after 5 years at the rate of 20%p.a compounded annually?

Join BYJU'S Learning Program