Find the principal amount,if the compound intrest at rate 5%per annum,for 3yrs is 1261
Answers
Answered by
5
CI = Principal (1 + rate/100)^t - P
1261 = P (1 + 5/100)³ - P
1261 = P (1 + 1/20)³ - P
1261 = P (21/20)³ - P
1261 = P [ 9261/8000- 1 ]
1261 = P 1261/8000
P = 1261 * 8000/1261
P = 8000
Hence principal will be 8000.
mark me brilliant.
1261 = P (1 + 5/100)³ - P
1261 = P (1 + 1/20)³ - P
1261 = P (21/20)³ - P
1261 = P [ 9261/8000- 1 ]
1261 = P 1261/8000
P = 1261 * 8000/1261
P = 8000
Hence principal will be 8000.
mark me brilliant.
Similar questions