On what sum Will the compound interest at 7 1/2%per annum for 3 years compounded annually be ₹3101.40
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Answer:
Let the sum be Rs x
A=P(1+r/100)^t
Rs3101.40=P(1+15/200)^3
Rs3101.40=P((1+3/40)^3
Rs3101.40=P(43/40)^3
Rs3101.40=P(79507/6400)
Rs3101.40×6400/79507=P
Rs198489600/79507=P
Rs2496.5=P
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Answered by
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Answer:
2496 is the correct answer
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