Math, asked by akashmodanwal501, 1 year ago

find the principal if the compounded interest at the rate of 5% P A compounded annually for 3 years is a 1261 rupees

Answers

Answered by Shashangroxxy
10
let principle be p
rate 5%
time=3 years
c.i=1261

1261=p[(105/100)³-1]
1261=p[1,157,625-1,000,000/1,000,000]
1261=p[157625/1000000]
1261*1000000/157625]=p
p=8000

MARK IT AS BRAINLIST
Similar questions