Question

A sum amounts to rs 7727.104 at the rate of 12% per annum compounded annually after three years. What is the value of principal (in rs)?

Answer 1

Answer:

Hope it helps!

Principal = 5500

Step-by-step explanation:

Have a look here,

12

7727.104= P (1+----)^3

100

Divide by 4 3

= P (1 +----)^3

25

= P ( 28/25)^3= 21952/15625

then 21952

P = 7727.104×--------

15625

after solving

P = 5500.