What sum of money will amount to rupees 9261 in 3 years at 5% per annum compound interest.
Answers
Answered by
2
Answer:
Given R = 5% per annum ,n = 3 years, Amount = 9261 rupees. = 8000. Therefore the sum of money = 8000 rupees
Step-by-step explanation:
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Answered by
1
Step-by-step explanation:
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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