Question

on what sum will the compound interest for 2 years at 5% p.a be $205

Answer 1

@imqwerty

Answer 2

Let the original sum be S, then the sum after 2 years will be S + 205 so;-

S + 205 = S(1 + 0.05)^2

solve for S

Answer 3

@Michele_Laino

Answer 4

welsh is right

Answer 5

yep

Answer 6

S + 205 = S(1 + 0.05)^2

S + 205 = 1.1025S

Answer 7

You're missing an "S" on the RHS.

Answer 8

he has written S on rhs at the end

Answer 9

Really?! Wow, I think I need a better screen. If you say so.

Okay, then. What's preventing you from finishing the solution?

Answer 10

Im getting 0.000041 as the answer

Answer 11

@dan815

Answer 12

S + 205 = S(1 + 0.05)^2