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What sum will become rupees 9261 …

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What sum will become rupees 9261 at 5%per annually compound interest after 3 yeats

Posted by Radhika Ghosh 5 years, 1 month ago

CBSE > Class 08 > Mathematics

1 answers

Gaurav Seth 5 years, 1 month ago

Given R = 5% per annum ,n = 3 years, Amount = 9261 rupees.

We know that A = P(1 + r/100)^n

9261 = P(1 + 5/100)^3

9261 = P(21/20)^3

P = 9261 * 20/21 * 20/21 * 20/21

= 9261 * 20 * 20 * 20/21 * 21 * 21

= 9261 * 8000/9261

= 8000.

Therefore the sum of money = 8000 rupees.

1Thank You

ANSWER

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CBSE > Class 08 > Mathematics