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