Question

Find the sum of money which amounts to 13,310 in 3 years at the
rate of 10% per annum compounded annually.​

Answer 1

Answer:

rs. 10,000

Step-by-step explanation:

A= $P(1+\frac{r}{100})^{n}$

A=P$(1+\frac{10}{100})^{3}$

A=$P(\frac{100}{100} +\frac{10}{100})^{3$

A=$P(\frac{11}{10} )^{3}$

13310=$P\frac{11^3}{10^3}$

P= $\frac{13310 * 10 * 10 * 10}{11 * 11 * 11}$

P= 10 * 10* 10 * 10 = 10,000