find the sum on which the compound interest for 3 years at 10%per annum amounts to ₹1655

Asked by gamertejas57 | 27th Jun, 2022, 06:08: PM

Expert Answer:

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  | 27th Jun, 2022, 06:49: PM