Find the sum on which the compound interest for 3 years at 10 % per annum amounts to rs.1655
Suppose the sum is Rs.P.
time; T = 3 years
Rate of interest;R = 10% p.a.
So amount accumulated after 3 years = = Rs.1655
Therefore the required sum is Rs.1243.425
time; T = 3 years
Rate of interest;R = 10% p.a.
So amount accumulated after 3 years = = Rs.1655
Therefore the required sum is Rs.1243.425