Question

14. What sum of money will amount to
6655 at the rate of 10% per annum
compounded annually in 3 years?​

Answer 1

Answer:

Check the solution below.

Step-by-step explanation:

⇒  Here, A=Rs.6655R=10% and T=3years

⇒  A=P(1+  

100

R

​  

)  

T

 

⇒  6655=P×(1+  

100

10

​  

)  

3

 

⇒  6655=P×(  

10

11

​  

)  

3

 

∴   P=  

1331

6655×1000

​  

=Rs.5000