What sum of money will amount to Rs. 45582.25 at 6
% per annum in two years, interest being compounded annually?
Given,
Amount = Rs.45582.25
Rate = 6
% = 
Time = 2 years
Let principal = Rs.P
So,
A = 
= 
= 
= 
Hence,
Principal = Rs. 40000
27
What sum of money will amount to Rs. 45582.25 at 6% per annum in two years, interest being compounded annually?
Given,
Amount = Rs.45582.25
Rate = 6 % =
Time = 2 years
Let principal = Rs.P
So,
A =
=
=
=
Hence,
Principal = Rs. 40000