a sum amount to 4410 after two years at 5% compound interest per annum. what is the principal?

#Interest

2 Views

a sum amount to 4410 after two years at 5% compound interest per annum. what is the principal?

Roshani gusain 6th Nov, 2025

Answer

Answer Later

Report

Answer (1)

Aahana Rawat 6th Nov, 2025

Compound interest = P(1+R/100)^n-1

But here the amount is given.

So we will use A = P(1+R/100)^n-1

Principal = P

R = 5%

n = 2 years

A = 4410

A = P(1+R/100)^n

4410 = P(1+5/100)²

4410 = P(1+1/20)²

4410 = P(21/20)²

10 = P/400

P = 4000

Hence, the principal is 4000.

Like Share

Related Questions

A person took out a loan of 16000 rupees from a bank which charges interest compounded quarterly the annual rate of interest is 10% how much should he pay back after 9 months to settle the loan

35 Views

a firm of coal merchant purchased wagons on hire purchase system.payment is to be made in a period of four years. rs. 6,000 was payable ondelivery (1st jan. 2011) and the balance by annual instalement of rs. 6,000each on 31st december. the ilire-vendor charged 5% p.a. interest on theyearly balances.

156 Views

I completed my bachelor degree ( Botany ) in April 2025, but I am struggling to find passion, goal, and interest till now. What do I do? doing PG at the same time is to find the passion or find the first passion first

0 Views

I am confused what should i study after 12th boards. I feel i have no interest in anything.puzzled in myself..

22 Views

A and B are equal partners with capitals of 2,00,000 and 1,00,000 respectively. As per deed, they are allowed interest on capital @ 8% p.a. During the year, the firm earned a profit of 12,000. Pass necessary Journal entries for the above transactions in the books of A and B. Also show your worki

12 Views

Applications for Admissions are open.

Amity University Noida B.Tech...

Apply

Among Top 30 National Universities for Engineering (NIRF 2024) | 30+ Specializations | AI Powered Learning & State-of-the-Art Facilities

Amrita University B.Tech 2026

Apply

Recognized as Institute of Eminence by Govt. of India | NAAC ‘A++’ Grade | Upto 75% Scholarships

Amity University, Noida | Law...

Apply

700+ Campus placements at top national and global law firms, corporates and judiciaries

Great Lakes Institute of Mana...

Apply

Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.8 LPA Avg. CTC for PGPM 2025

UPES Integrated LLB Admission...

Apply

Ranked #18 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS Rankings | 16 LPA Highest CTC

Jain University, Bangalore - ...

Apply

NAAC A++ Approved | Curriculum Aligned with BCI & UGC

View All Application Forms

Trending Articles/News

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students

30,000+ Colleges

500+ Exams

1500+ E-books