1.

On what sum will the compound interest at 5% per annum for 2 years compounded annually berupees 164? ​

Answer»

Answer:

Step-by-step EXPLANATION:

➡Since we don't KNOW the required sum

let be = X

✴Given as

Rate = 5%

Time = 2 yrs

Compound Interest = 164

❇As we know that

Compound Interest = AMOUNT - Principal Amount

164 = Amount - X

Amount = 164+X

✅Hence the Required Amount will be 1640

hope it helps



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