Question

if a rate is5%p.a. time is 3year and compound interest is rs 2522 find the principles step step ans

Answer 1

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^indicate exponent of no.
rate =5%
time=3 year
c.i=2522
let's the principle be x
a.t.q
2522=x{(1+5/100)^3-1}
2522=x{(21/20)^3-1}
2522=x(9261/8000)-1
2522=x{9261/8000-8000/8000}
2522=1261x/8000
(8000×2522)/1262=x
now ans ,
x=16000rupee ans
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