Math, asked by sumansingh07457, 6 months ago

.
8. What sum of money will amount to 39261 in 3 years at 5% per annum compound
interest?​

Answers

Answered by asahilthakur
1

Answer:

Rs.33915

Step-by-step explanation:

Amount (A) = Rs.39261

Rate (R) = 5% per annum

Time (n) = 3 years

A = P (1 + R/100)ⁿ

=> 39261 = P (1 + 5/100)³

=> 39261 = P (21/20)³

=> P = 39261 × 20/21 × 20/21 × 20/21

=> P = Rs.33915

Similar questions