Question

What sum of money will amount to ₹9261 in 3 years at 5% per annum compound
interest.

Answer 1

Answer:

A

Step-by-step explanation:

A =P+(1+r/100)power 3

9261=p + (1+5/100)

9261=p+ (105/100)power

9261 =p+1157625/1000000

9261=p+0.1157625

P=9261-0.1157625

P=9260.8842375