Question

if
Rs 8000 amounts to Rs 9261 in 3
years
compounded annually
find what will Rs 1200 amount
to the
same rate and in the
Same time compounded annually​

Answer 1

Step-by-step explanation:

Let X be the intrest

Then 8000* X^3 = 9261

Then X^3 =9261/8000

For 1200 amount

Final value will be 1200* X^3

1200* 9261 / 8000

=rs. 1389.15