❤ Hlo guys❤... I have A problem in Maths Which I want to share through Brainly .Plzz Help me And the question is What sum of money will amount to Rs 9261/in 3 yrs at 5%per annum Compound Intrest ......
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Answer:
Given that,
Rate of interest = 5% per annum
Number of years = 3
Amount = 9261
we know that,
Amount = P(1+R/100)^n
9261 = P(1+5/100)³
9261 = P(21/20)³
P = 9261×20/21×20/21×20/21
= 9261×20×20×20/21×21/21
= 9261×8000/9261
= 8000
Therefore the sum of money is 8000 rupees.
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