A certain sum will amount to ₹ 12,100 in 2 ye | vedclass

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(D) The formula for the amount $A$ in compound interest is given by $A = P(1 + \frac{R}{100})^n$,where $P$ is the principal,$R$ is the rate of interes

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$10000$

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(D) The formula for the amount $A$ in compound interest is given by $A = P(1 + \frac{R}{100})^n$,where $P$ is the principal,$R$ is the rate of interest,and $n$ is the time in years.Given: $A = ₹ 12100$,$R = 10 \%$,$n = 2$ years.Substituting the values into the formula:$12100 = P(1 + \frac{10}{100})^2$$12100 = P(1 + 0.1)^2$$12100 = P(1.1)^2$$12100 = P(1.21)$$P = \frac{12100}{1.21}$$P = 10000$Therefore,the sum is ₹ $10000$.

$A$ certain sum will amount to ₹ $12,100$ in $2$ years at $10 \%$ per annum of compound interest,interest being compounded annually. The sum is (In ₹)

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