In 12% per annum compoundinterest if some principal in 2 yearshas beco – InterviewSolution

1.	In 12% per annum compoundinterest if some principal in 2 yearshas become P3,136 with interest,then the principal will be
Answer» A= P(1+r/100)^n3136= P(1+12/100)^23136= P(112/100)^23136= P(1.2544)P= 2500

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