Question

What sum of money amounts to rupees 86515.in 3 years at the rate of 10% per annum compounded annually?

Answer 1

A=p(1+r/100)^n
86515=p(1+10/100)³
or 86515=p(11/10)³
or p=86515*10*10*10/11*11*11
or p=Rs 65000

Answer 2

Step-by-step explanation:

hope it helps...if it really helps please drop me a heart