the sum of anamount to rs 4913 in 3 years at 61/4%per annum compounded is

Asked by gouthamivadluri8845 | 31st Mar, 2020, 11:51: AM

Expert Answer:

 
Here, A = Rs. 4913, n = 3 years and r =61/4%=25/4%
 
P =A/(1 + r/100)n
 
After substituting the values, we get
 
P = Rs. 4096

Answered by Yasmeen Khan | 31st Mar, 2020, 08:54: PM