Question

a certain sum of money is invested at 5% interest, compounded annually for 3 years if tha interest computes to ₹2,522 determined tha principal​

Answer 1

Answer:

Samjh Aaye to hi thanks krna Varna nhi okay

Where, (⇒CI=[P{(1+R100)t−1}])

CI = Compound interest

P = Principal

R = Rate of interest

t = Time period

(2522=[P{(1+5100)3−1}]

⇒P= 2522/1.05 power3−1=Rs.16000

∴ Principal = Rs. 16,000

I HOPE ITS HELPFUL

"kritika"..