Question

what sum will become Rupees 9261 at 5 percentage per ammonium compound interest after 3 years

Answer 1

A= 9261
r%=5%
t= 3years
A= P(1+R/100)T
9261=P( 1+ 5/100)3
9261=P(21/20)3
P= 9261×20×20×20/21×21×21
P = 8000
CI = 9261- 8000
CI = 1261