Question

A certain sum of amount 15972 in 3 years at 10% per annum compounded annually find the num
ber

Answer 1

Answer:

15972=p(1+10/100)³

15972=p (110/100)³

15972=p× 11/10 ×11/10× 11/10

15972× 10×10×10/11×11×11= p

15972000/1331=p

p= 12000