find the principle of each of the following amount equals to 1770 , rate is equals to 6% per annum, time is equal to 3 year
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Step-by-step explanation:
Formula = A= P(1+R/100)t
Amount= 1770
R=6%
T= 3
1770= P( 1+6/100)³
1770=P (100+6/100)³
1770= P(106/100)³
P= 1770×106/100×106/100×106/100
P= 2234.58
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