At 10% C I p a , a sum of money accumulate to Rs 9625 in 5 years - Quantitative Aptitude - Sequence and Series - Arithmetic and Geometric Progressions

Question

At 10% C I p a , a sum of money accumulate to Rs 9625 in 5 years
The sum invested initially is?

Lovina Kansal · Accepted Answer

Dear student
We have,A=Rs9625,T=5 years, R=10%p
aSo,A=P1+R100T⇒9625=P1+101005⇒9625=P11105⇒P=9625×1011×1011×1011×1011×1011⇒P=9625×100000161051⇒P=5976
36So, the sum invested initially was Rs5976
36
Regards

At 10% C.I. p.a., a sum of money accumulate to Rs.9625 in 5 years. The sum invested initially is?