Question

What sum of money will amount to Rs.9261 in 3yrs at 5% per annum compound interest?​

Answer 1

Question:-

What sum of money will amount to Rs.9261 in 3yrs at 5% per annum compound interest?

Answer:-

Given:-

Amount (A) = Rs.9261

Time (n) = 3 yrs

Rate of interest (r) = 5%

To Find:-

Required Sum

Solution:-

We know the formula,

Putting the values we get,

Required Sum is Rs.8000. [Answer]