Question

what sum will become ₹9261 after 3 years at 5%per annum compound interest? ​

Answer 1

Answer:

10720.765125 Rs.

Step-by-step explanation:

given P= Rs.9261

T=3 years

R=5% p.a.

so A= P$(1+\frac{R}{100})^{3}$

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

= 9261$(1+\frac{1}{20})^{3}$

= 9261×$(\frac{21}{20}$ × $\frac{21}{20}$ × $\frac{21}{20} )$

9261 × $\frac{9261}{8000}$

= $\frac{85766121}{8000}$

= 10720.765125 Rs.

Hope it helps...