If the amount after 3 years is RS 37200 at the rate of 8 % what will be tha principal amount
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Answer:
*P=?
R=8%
n(time)=3years
A=₹37200
A=P(1+r/100)^n
37200=P(1+8/100)³
37200=P(1+2/25)³
37200=P(25/25+2/25)³
37200=P(27/25)³
37200=P×27³/25³
*Now we will do cross multiplication.
37200×25³/27³
37200×(25×25×25)/(27×27×27)
37200×15625/19683
(12400×15625)/6561
193750000/6561
*Now we will do division.
P=29530.6
*Now we will do round off
P=29531
Intrest :-
Amount - Principal
37200-29531
I=7669
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