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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 |
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Answer» ⇒ 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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