Sum of money amounts to Rs. 453690 in 2 years at 6.5% per annum compounded annually. Find the sum.
Given,
Amount = Rs.453690
Time = 2 years
Rate = 6.5 % p.a
Let principal = Rs. P
So,
A = 
= 
= 
= 
Hence ,
Principal = Rs. 400000
28
Sum of money amounts to Rs. 453690 in 2 years at 6.5% per annum compounded annually. Find the sum.
Given,
Amount = Rs.453690
Time = 2 years
Rate = 6.5 % p.a
Let principal = Rs. P
So,
A =
=
=
=
Hence ,
Principal = Rs. 400000