Question

A certain sum of money yields ` 927 as compound interest in 2 years time at 6 % compounded yearly. Find the sum.

Answer 1

Answer:

hi the answer is around 1300

Answer 2

Step-by-step explanation:

A certain sum of money yields 1261 Rs. as compound interest for 3 years at 5% per annum. The sum is :

[A]7500 Rs.

[B]8400 Rs.

[C]8000 Rs.

[D]9000 Rs.

8000 Rs.

Let the principal be x Rs. Now,

C.I. = P\left [ \left ( 1+\frac{R}{100} \right )^{T} - 1 \right ]

=> 1261 = x\left [ \left ( 1+\frac{5}{100} \right )^{3} - 1 \right ]

=> 1261 = x\left ( \frac{9261}{8000} - 1 \right )

=> 1261 = x\left ( \frac{9261-8000}{8000} \right ) = \frac{1261x}{8000}

=> x = \frac{1261\times 8000}{1261} = 8000 Rs.

Hence option [C] is correct answer