Question

if the compound interest on a sum of money at 10% per annum for 4 years is rupees 232 0.50 so what is the principal​

Answer 1

Answer:

ANSWER

Rate of interest, r = 10%  =10010=0.1

Time period, t⇒3years.

number of times compounded yearly, n = 1.

compounded interest = Rs 993.

∴ Amount A = principal + compound interest

= P + 993.

we know, A =P(1+nr)nt

P+993=P(1+10.1)3

P+993=P(1.1)3

P+993=1.331P.

⇒993=1.331P−P

⇒0.33P=993.

⇒P=0.331993

⇒P=Rs3000

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

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