Question

What sum will become 3041.75 in 3 years if the rate
of interest is 15% per annum compounded.​

Answer 1

Answer:

Rs 2000

Step-by-step explanation:

So in this question, Principle is not given; So we have to find the principle

Let us take Principle as 'x'

Time = 3years

Rate =15%

Amount = 3041.75

Compound Interest = $p*[1+\frac{r}{100} ]^{t}$

So, $x*[1+\frac{15}{100} ]^{3}$= 3041.75

x* $\frac{115}{100} *\frac{115}{100} * \frac{115}{100}$ = 3041.75        

x*$\frac{15,20,875}{1000000}$ = 3041.75

x = 3041750000/1520875 = Rs. 2000

Idk whether it is correct pls check..