The principle that amounts to rs. 4913 in 3 years at 6 1/4 % per annum
c.I. Compounded annually, is?
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RS 4096
Step-by-step explanation:
Amount=Rs4913
no of years=3yrs
rate percent per annum=6 1÷4=25/4
C.I=A-P
A=P[1+R/100]power n
substitute
4913=P[1+25/4÷100]³
=P[17/16]³
4913×16/17×16/17×16/17=P
16×16×16=P=4096
SOME CUBES I HAVE USED
16³=4096
17³=4913
Here,P=principal
R=rate percent per annum
n=no of yrs
HOPE U UNDERSTAND.......HAVE A GREAT DAY AHEAD : )
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