Question

X had deposited some amount with the bank rate at 7% for 3 years which becomes 48400 what amount was deposited. please give answer​

Answer 1

Answer:

40000

Step-by-step explanation:

Let P be the principal amount,

given, rate of interest R = 7%

time T=3

amount A =48400

A = P + P*T*R/100

substituting the values

48400=P + P*3*7/100

P= 48400*100/121

P= 40000

therefore the amount deposited is 40000