Question

find the sum of money which will amount to rupees 27783 in 3 years at 5% per annum the interest being compounded annually​

Answer 1

Answer:

Answer is 24000

Step-by-step explanation:

Answer 2

Answer:

24000

Step-by-step explanation:

let the principal or the sum of money be x

amount=27783

time = 3years

Rate=5%

ATQ

x(1+5/100)^3=27783

x(1+1/20)^3=27783

x(21/20)^3=27783

x *9261/8000=27783

x=27783*8000/9261

x=3*8000

x=24000