The sum which amounts Rs.2662 at 10% p.a. in 3 years compound yearly is
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The sum of money is➡₹2000
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Answer:
P = Rs 2000
Step-by-step explanation:
Amount (A) = Rs 2662 .
Interest (r)= 10% /annum
Time (t) = 3 year
sum (p) = ?
A = P * ( 1 + r )³
⇒ 2662 = P * ( 1 + 0.1)³
P = Rs 2000
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