The Principal, Which Will Amount To Rs. 270.40 In 2 Years At The Rate Of 4% Per Annum Compound Interest Is?

The principal, which will amount to Rs. 270.40 in 2 years at the rate of 4% per annum compound interest is?

Rs. 220
Rs. 250
Rs. 225
Rs. 200

Explanation

Let the principal be Rs. P.
According to the question,
$∴ 270.40 = P (1 + \frac{4}{1 0 0})^{2}$
$\Rightarrow 270.40 = P (1 + 0.04)^{2}$
$\Rightarrow P = \frac{2 7 0 . 4 0}{1 . 0 4 \times 1 . 0 4}$ = Rs. 250
Hence, the principal is Rs. 250.

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The principal, which will amount to Rs. 270.40 in 2 years at the rate of 4% per annum compound interest is?

Explanation

Let the principal be Rs. P.
According to the question,
$∴ 270.40 = P (1 + \frac{4}{1 0 0})^{2}$
$\Rightarrow 270.40 = P (1 + 0.04)^{2}$
$\Rightarrow P = \frac{2 7 0 . 4 0}{1 . 0 4 \times 1 . 0 4}$ = Rs. 250
Hence, the principal is Rs. 250.

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The principal, which will amount to Rs. 270.40 in 2 years at the rate of 4% per annum compound interest is?

Explanation

Let the principal be Rs. P. According to the question,∴270.40=P(1+1004​)2 ⇒270.40=P(1+0.04)2⇒P=1.04×1.04270.40​ = Rs. 250Hence, the principal is Rs. 250.

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Let the principal be Rs. P.
According to the question,
$∴ 270.40 = P (1 + \frac{4}{1 0 0})^{2}$
$\Rightarrow 270.40 = P (1 + 0.04)^{2}$
$\Rightarrow P = \frac{2 7 0 . 4 0}{1 . 0 4 \times 1 . 0 4}$ = Rs. 250
Hence, the principal is Rs. 250.