At 10% C.I.pa., a sum of money accumulate to Rs.9625 in 5 years.The sum of invested initially is
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Hi friend,
here is ur solution:-
let, principle amount (P)= X
C.I. rate = 10%per year
(r) = 10/100 = 0.1 (decimal)
period per year (n)= 1
time (t)= 5
Amount (A) = 9625
according to formula:-
A = P(1+r/n)^n.t
9625 = X(1+0.1/1)^1×5
X(1.1)^5 = 9625
X×1.61 = 9625
X = 9625/1.61 = 5978.26 ans.
I hope it'll help u!!
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:- Thanks
here is ur solution:-
let, principle amount (P)= X
C.I. rate = 10%per year
(r) = 10/100 = 0.1 (decimal)
period per year (n)= 1
time (t)= 5
Amount (A) = 9625
according to formula:-
A = P(1+r/n)^n.t
9625 = X(1+0.1/1)^1×5
X(1.1)^5 = 9625
X×1.61 = 9625
X = 9625/1.61 = 5978.26 ans.
I hope it'll help u!!
if yes! mark as brainliest and click on red heart!!❤❤❤
:- Thanks
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