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Find pricipal when amount is rupee 4624 at6% and two yrs time .... ​
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Find pricipal when amount is rupee 4624 at6% and two yrs time ....
​

User Zrelli Majdi
by
8.5k points

1 Answer

5 votes

Answer:

Rs. 4128.57

Explanation:

Given:

  • Principal = x
  • Amount after 2 yrs = Rs. 4624
  • Rate = 6% PA

Solving for x:

  • x + 2*6% of x = 4624
  • x + x*12%/100 = 4624
  • x*1.12 = 4624
  • x= 4624/1.12
  • x≈ 4128.57
User Emudrak
by
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