Question

the principal that amounts to `4913 in 3 years at 6.25% per annum compound interest compounded annually?​

Answer 1

Answer:

24361 Rs

* Explanation

# Given

Cl = 4963 Rs

r = 6.25 % per annum

t = 3 years

# Solution

Compound interest over sum p is given by formula -

Cl = P [ (1+r) t-1 ]

4913 = P [ (1+6.25/100^3-1]

4913 = P [ (1+0.0625

4913 = P [ (

4913 = P [ (

4913 = P [ (