14. What sum of money will amount to
6655 at the rate of 10% per annum
compounded annually in 3 years?
Answers
Answered by
0
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
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