sum for 2 vears
That sum of money will amount to Rs 21296 in 3 years at 10% per annum,
compounded annually?
e percent per annum will Rs 4000 amount to Rs 4410 in 2 years when
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Answered by
4
Answer:
Here Amount = 21,296; Rate of interest(R) = 10%
And time period(n) = 3yrs
Amount = P(1+(R/100))^n
Amount(A) = 21,296
=P(1+(10/100))^3
=P(110/100)^3
=P(1331/1000) =21,296
=>P = 21296*1000/1331
=16000
Hence the principle is 16000
Answered by
1
Answer:
Answer is 16000.
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