Find the sum which amount to rs12167 at 15 %per annum in 3 years when compounded annually
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8000R, PLS MARK AS BRAINLIEST :)
Step-by-step explanation:
Amount (A)=12167
Time (T)=3 yr
Rate (R)=15% compounded annually
A=P(1+R/100)to the power of T
12167=P(1+ 15/100)to the power of 3
12167=P( 20/23) to the power of 3
P= 23×23×23/12167×20×20×20
Sum (P)=Rs. 8000
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