Question

THE AMOUNT OF A CERTAIN PRINCIPAL IS RUPEES 6655 IN 3 YEARS,COMPOUNDED ANNUALY AT THE RATE OF 10 P.C.P.A. FIND THE PRINCIPAL?​

Answer 1

Step-by-step explanation:

refers to the attachment

Answer 2

Given,

Amount = 6655 rs, Rate = 10% per annum, Time = 3 years.

To Find,

Principal = ?

Solution,

• A = P(1 + r/100)^n

==> 6655 = P(1 + 10/100)^3

==> 6655 = P(11/10)^3

==> 6655000 = 1331P

==> P = 5000

Result,

Principal = 5000.