Question

find the principal which will amount to rupees 8748 in 3 years at the rate of 4% per annum compounded annually​

Answer 1

Answer:1092.310272

Step-by-step explanation:

amount=principal[1+rate/100]ⁿ

            A = 8748[1+4/100]³

            A = 8748[1/1+4/100]³

            A = 8748[100+4/100]³

            A = 8748[104/100]³

            A = 8748*104*104*104/100*100*100

            A = 9840.310272

compound interest= amount - principal

                         C.I  = 1092.310272