what sum of money will amount to Rs 9261 in 3 years at 5% per annum compound intrest?
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A = P(1+r/100) power t
9261 = P (1+5/100)³
9261 = P (21/20)³
P = 9261×20/21×20/21×20/21
P = 8000
Rs. 8000 will amount to Rs. 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
P = 9261×20/21×20/21×20/21
P = 8000
Rs. 8000 will amount to Rs. 9261 in 3 years at 5% per annum compound interest
Hope it helps you ☺
Please mark as Brainliest ☺
singhradhica757:
thanks
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