Question

On what sum will the compound interest at 71/2% per annum for three years compounded annually be 3,101.40? ​

Answer 1

Answer:

Given, R = 7 1/2% = (15/2)%, Time = 3 years, C.I = 3101.40. Therefore, Sum is 12800.

Answer 2

Step-by-step explanation:

Given,

R = 7 1/2% = (15/2)%,

Time = 3 years,

C.I = 3101.40.

Therefore, Sum is 12800.