Question

abay invested a certain sum of money at 10percent p.a compound interests amounts tp ₹8800in 1year and to ₹10648 in 3years the sum invested is​

Answer 1

Answer:

800

Step-by-step explanation:

1st yrs interest is always same in both cases (c.i &s.i) ,let the sum invested be 100%.

110% = 8800 => 100% = 8000

or p (1+ 10/100)^1 = 8800 => p = 8000