what sum of money will amount to 9261 in 3 years at 5% per annum compound interest
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9261= p(1+5/100)^3
9261= p(21/20)^3
9261=p(21×21×21/20×20×20)
9261=p(9261/8000)
so, p= 8000
9261= p(21/20)^3
9261=p(21×21×21/20×20×20)
9261=p(9261/8000)
so, p= 8000
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