Question

What sum of money will amount to rupees 6655 at rate of 10% per annum compounded annually in 3 years?​

Answer 1

$\mathfrak \red{ Question :-}$

$\sf{What \: sum \: of \: money \: will \: amount \: to \: rupees }$$\sf{6655\: at \: rate \: of \: 10 \: per \: annum \: compounded }$$\sf{annually \:in\: 3 \: years?}$

$\mathfrak \red{Answer :-}$

$\sf{6655 \: = p(1 + { \frac{10}{100}) }^{2}}$

$\sf{A = P ( 1+ { \frac{R}{100}) }^{2}}$

$\sf{6655 = p ({ \frac{11}{10})}^{2}}$

$\sf{6655 = p \times \frac{1331}{1000} }$

$\sf\purple{P = Rs. 5,000}$