Question

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

Answer 1

p=86515
t=3
r=10%
$a = p(1 + \frac{r}{100})t \\ 86515 \times 1 + \frac{10}{100} \times 3 \\ 86515 \times \frac{11}{10} \times \frac{11}{10} \times \frac{11}{10}$
ans : 115151.465

Answer 2

Answer:

65000

Step-by-step explanation:

P=?,A=₹86515,R=10%,T=2years

A=P(1+R/100)^T

86515=P(1+10/100)^3

86515=P(110/100)^3

86515=P(11/10)^3

=Px1331/1000,

or P=86515x1000/1331

=₹65000