1.

A sum amounts to Rs 7727.104 at the rate of 12% per annum compounded annually after three years. What is the value of principal (in Rs)?1). 50002). 52003). 53504). 5500

Answer»

<P>LET the PRINCIPAL be P

⇒ A = P(1 + r/100n)nt

⇒ 7727.104 = P(1 + 12/100)3

⇒ P = 7727.104/(1 + 12/100)3

⇒ P = 7727.104/(1.12)3

∴ P = RS. 5500


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