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ICSE Class 9 Answered

find the sum on which the compound interest for 3 years at 10%per annum amounts to ?1655
Asked by gamertejas57 | 27 Jun, 2022, 18:08: PM
answered-by-expert Expert Answer
Here
P =?  Time = 3 Yrs, r=10% p.a.
 
We know that
straight A equals straight P left parenthesis 1 plus straight r over 100 right parenthesis to the power of straight n space Also space straight A space equals space straight P plus straight I
Use the above two equations and simplify to get a solution.
 
Answered by | 27 Jun, 2022, 18:49: PM

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