Question

A certain sum of money amount to₹4913 at 6*1/4 per annum compounded annually in 3 years. find the sum .​

Answer 1

The sum will be Rs. 4096, which amounts to Rs. 4913, if it compounded annually at 6*1/4 per annum in 3 years.

Step-by-step explanation:

Let the sum of money be denoted as "P".

Amount, A = Rs. 4913

The rate of interest, R = $6\frac{1}{4}$% = $\frac{25}{4}$%

Time period, n = 3 years

The formula for finding the amount in compound interest is given by,

A = P * [1 + $\frac{R}{100}$]ⁿ

Therefore, by substituting the given values in the above formula, we get

4913 = P * [1 + $\frac{\frac{25}{4}}{100}$] ³

⇒ 4913 = P * [1 + $\frac{1}{16}$]³

⇒ 4913 = P * [$\frac{17}{16}$]³

⇒ P = $\frac{4913 * 16 * 16 * 16}{17 * 17 * 17}$

⇒ P = Rs. 4096

Thus, the sum is Rs. 4096.

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Answer 2

Answer:

the answer is ₹ 4096

Step-by-step explanation:

just check my attachment