Question

A certain sum deposited in a bank at 15 % per annum compounded monthly amounts to Rupees 42,143.63 at the end of 5 years .find the principal?​

Answer 1

Given

$\sf Rate = \: 15 \\ \sf Amount = \: 42,143.63 \: rs</u><u> </u><u>\</u><u>sf time = 5 years$

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${\huge {\orange{\boxed {\underline{a \: = \frac{p(1 + r ){}^{t} }{100} }}}}}$

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