Math, asked by kamlajota12, 10 months ago

find the principal which amount to rupees 23,152.50 at the rate of 5 p.c.p.a compounded annually for 3 years.

Answers

Answered by parneetk862
38

Answer:

hope you find the answer

Attachments:
Answered by wifilethbridge
9

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

Amount = P(1+r)^t

23152.5=x(1+0.05)^3

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

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.

https://brainly.in/question/4739878

Similar questions