1.

On what principal will the compound interest for 3 years at 5% pa amount to Rs. 346.775 ?

Answer»

Rs. 2200



Let the amount be X.
C.I = x(1 + 5/100)3 -x
= x [92618000 - 1] = x [1261/8000]
x = 346.775 x 8000 / 1261 = 2200



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