On what sum will the compound interest at 7 1/2% per annum for three years
compounded annually be 3,101.40?
Answers
Answered by
13
Step-by-step explanation:
Given:P=?,R=7.5%,T=3 years,A=3101.4rs
P=A÷[(1+i)^n]
P=3101.4÷[1.075^3]
P=3101.4÷1.242296875
P=2496.505Rs
Answered by
16
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