On what sum will the compound interest at 7 1/2% per annum for three years compounded annually be rs.3101.40?
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05-Feb-2018 · 2 answers
Let sum = PSo P(1 +7.5/100) ^3 = 3101.40=> P*(43/40)^3 = 3101.40=> ; P= 3101.40*64000/43^3 = 2496.50
Let sum = PSo P(1 +7.5/100) ^3 = 3101.40=> P*(43/40)^3 = 3101.40=> ; P= 3101.40*64000/43^3 = 2496.50
Anonymous:
Hey ur answer is wrong
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Answer:
Step-by-step explanation:
Let sum = PSo P(1 +7.5/100) ^3 = 3101.40=> P*(43/40)^3 = 3101.40=> ; P= 3101.40*64000/43^3 = 2496.50
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