Question

on what sum will the compound interest at 7 1/2% per annum for three years
compounded annually be 3,101.402
​

Answer 1

Answer:

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Step-by-step explanation:

${4 = 422214 = { = 34224 \\ 521 \\ \\ 1 \\ 121 \\ < 2 {50 \times \frac{?}{0.1.2222222} }^{?} }^{?} \times \frac{?}{?} }^{?}$

Answer 2

Answer:

12800

Step-by-step explanation:

Let the Sum be P.

Given, R = 7 1/2% = (15/2)%, Time = 3

years, C.I = 3101.40. -

Calculation of Sum:

CI = P(1 + r/100)n - P

→ 3101.40=P[(1 + r/100) - 1]

→ 3101.40 = P[(1 + 15/200)³ - 1]

3101.40 = P[(215/200)³ - 1] -

→ 3101.40 = P(0.2423) -

⇒P= ~12800

Therefore, Sum is 12800.