Math, asked by sudhirkumar2082, 5 months ago

what sum of money will amount to1331 in 3 years at the rate 10% per annum compound interest​

Answers

Answered by asahilthakur
0

Answer:

Rs.1000

Step-by-step explanation:

Let the sum of money be P.

Rate (R) = 10%

Time (n) = 3 years

Amount (A) = Rs.1331

A = P (1 + R/100)ⁿ

=> 1331 = P (1 + 10/100)³

=> 1331 = P (11/10)³

=> 1331 × 1000/1331 = P

=> P = Rs.1000

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