find the principal which amount to rupees 23,152.50 at the rate of 5 p.c.p.a compounded annually for 3 years.
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The principal is Rs.20000
Step-by-step explanation:
Amount = Rs.23152.50
Let the principal be x
Rate of interest = 5% = 0.05
Time = 3 years
20000 =x
Hence The principal is Rs.20000
#Learn more:
The amount of a certain principal is ₹6655 in 3 years, compounded annually at the rate of 10 p.c.p.a. Find the principal.
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