Question

what sum of money will amount to rupees 9261 in 3 years at 5% per annum compound interest?

please send a picture if you can and in simple words​

Answer 1

Answer:

8000

Step-by-step explanation:

let the sum be x

ATQ,

9261=x$(1+\frac{5}{100}) ^{3}$

9261=$x$x$\frac{21}{20}$x$\frac{21}{20}$x$\frac{21}{20}$

9261=$x$ x $\frac{9261}{8000}$

(9261x8000)/9261=x

hence, x = 8000