Question

Find the principal which amount to 23152 at the rate of 5% a compound interest annually for 3 year​

Answer 1

Answer:

Amount = Rs.23152.50

Let the principal be x

Rate of interest = 5% = 0.05

Time = 3 years

Amount = P(1+r)^tAmount=P(1+r)

t

23152.5=x(1+0.05)^323152.5=x(1+0.05)

3

\frac{23152.5}{(1+0.05)^3}=x

(1+0.05)

3

23152.5

=x

20000 =x

Hence The principal is Rs.20000

Step-by-step explanation:

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