What sum of money will amount to Rs3630 in 2 years at 10% per annum compound interest?

Answers (1)

3630=P(1+frac10100)^2

3630=P	imesfrac1110	imesfrac1110

Thus the required sum of money P is 

3630	imesfrac1011	imesfrac1011=Rs, 3000

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