on what sum will the c.i for 2 yrs at 5%p.a be Rs 492????????
Dear Student!
Here is the answer to your query.
Let the principal amount be P.
Given : Rate (r) = 5%
time (n) = 2 years
and Amount (A) = Rs 492
We know that
= Rs 446.25 (approx)
Hence the sum of money is Rs 446.25 approximately.
Cheers!