Question

the principal that amount to rs 4913 in 3yr at 4 1/3 % per annum compound interest compound annually is​

Answer 1

Answer:

= Rs. 4913,n=3,r=4 1/3%= 15/3,P=?

∴4913=P(1+15/300)3

⇒4913=P(1+1/20​)3

⇒4913=P(21/20​)3

⇒4913=P×21/20*21/20*21/20

⇒P= Rs. 5687.4