Question

Aman invested 20% of an amount, denoted as Rs. 'P', in a

Q: Answer-Aman invested 20% of an amount, denoted as Rs. 'P', in a compound interest scheme with an annual int...

ATQ, 0.2p 1.12 1 840 Or, 0.042p 840 So, p 20000 Therefore, p 20000

compound interest scheme with an annual interest rate of 10%, compounded annually. After 2 years, he earned Rs. 840 in interest. Determine the value of 'P'.

A 20,000

B 25,200

C 15,250

D 22,155

E none of these

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Aman invested 20% of an amount, denoted as Rs. 'P', in a

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