Find the principal, if the compound interest payable annually at 10% per annum for 3 years is
RS 1331
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Step-by-step explanation:
A=P(1+r/100)^t
=)P+1331=p(1+10/100)^3
=)p+1331=p(11/100)
=)p+1331=1331p/1000
=)1000p+1331×1000=1331p
=)1000p-1331p=1331×1000
=)-331p=1331000
=)p=4021.14
Heance p=4021.14
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