Question

Example 11: A certain sum amounts to 12,167 in three years at 15% per
compounded annually. Find the sum,
Solution: Here
A = 12,167, R% = 15% pa, n = 3, P = ?
plz plz help me as soon as possiible​

Answer 1

Answer:

Amount (A)=12167

Time (T)=3 yr

Rate (R)=15% compounded annually

A=P(1+

100

R

)

T

12167=P(1+

100

15

)

3

12167=P(

20

23

)

3

P=

23×23×23

12167×20×20×20

Sum (P)=Rs. 8000

Answer 2

Step-by-step explanation:

Amount (A)=12167

Time (T)=3 yr

Rate (R)=15% compounded annually

A=P(1+

100

R

)

T

12167=P(1+

100

15

)

3

12167=P(

20

23

)

3

P=

23×23×23

12167×20×20×20

Sum (P)=Rs. 8000