Raj borrowed some money from a moneylender at 20% per annum compound interest. After 3 years he paid 582.40 as C.I. the money lender. What amount did he borrow?
Answers
Answered by
12
Answer:
P=
(1+
100
R
)
n
A
⟹2522=
(1+
100
5
)
1
A
+
(1+
100
5
)
2
A
+
(1+
100
5
)
3
A
⟹A=926≈925
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