find the sum on which the c.i for 3 years at 10% per annum amount to 1655.
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6
Answer:
Let, the sum =P.
Given time (n)=3 years.
Rate of interest (r)=10%.
C.I. = Rs. 1655
Since, Amount (A)=P(1+100r)n
⇒A=P(1+10010)3
⇒A=P(1011)3=(10001331)P
Also, A−P= C.I.
⇒(10001331)P−P =1655
⇒(1000331)P =1655
⇒P= Rs. 5000
Answered by
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