Question

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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Answer 1

Answer:

hope you find the answer

Answer 2

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.

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