Question

A principal becomes ₹17,000 at the rate of 12% in 3 years find the principal

Answer 1

Answer:

Principal=17,000

Rate=12%

Time=3year

amount=p(1+R/100)3

Step-by-step explanation:

17000(1+12/100)3

Answer 2

The total amount of the principal is Rs. 23883

Given :

To find the total amount of the principal

Principal = Rs. 17,000

Rate = 12%

Years = 3 yrs

Formula :

                  Total amount = P × $(1+i)^{N}$

                   Where, P = Principal

                                 i = Rate

                                N = Number of years

Therefore,  total amount = 17,000 × ( 1 + 12% )^3

                                          = 17,000 × $(1 + \frac{12}{100} )^{3}$

                                          = 17,000 × $( 1 + 0.12 )^{3}$

                                          = 17,000 × $(1.12)^{3\\}$

                                          = 17,000 × 1.4049

                                          = 23883.776

                   Total amount = Rs. 23883

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A principal becomes ₹17,000 at the rate of 12% in 3 years find the principal

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