WHAT SUM OF MONEY WILL AMOUNT TO ₹9261 IN 3 YEARS AT 5% PER ANNUM COMPOUND INTEREST ?
Answers
Answered by
2
Answer:
Correct option is
A
8000
A=Rs.9261;n=3 years and r=5%
∵A=P(1+
100
r
)
n
∴9261=P(1+
100
5
)
3
⇒P=9261×(
21
20
)
3
⇒9261×
21
20
×
21
20
×
21
20
=Rs.8000
∴ Required Sum =Rs.8000
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Step-by-step explanation:
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Answered by
1
Answer:
8000 Rs.
Step-by-step explanation:
A= Rs. 9261
N= 3years
R= 5%
P= ?
A=P(1+5/100)³
9261=P(105/100)³
P= 20/21×20/21×20/21×9261
P= 8000 Rs.
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