Question

how much would need to be deposited into an account earning 5%compounded annually ,so that the balance will be rupees 100000 in 3 years

Answer 1

$\huge{\mathbb{\blue{ANSWER:-}}}$

$We\: know\ that\\ Amount\:=P(1+\frac{R}{100})^T\\</p><p>Now,\ it\ is\ given\ that,\\P=100000\\R=5\\T=3\ years\\Now,\\100000=P(1+\frac{5}{100})^3\\So,\\100000=P(\frac{1157625}{1000000})\\\\100000=\frac{1157625P}{1000000}\\\\P=\frac{100000000000}{1157625}\\\\=86383.7599(Answer)\\\\ \huge{\mathbb{\orange{Hope\ it\ helps\ !!}}}$