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 = P1+R100T = P1+101003 = Rs.1655
P11103 = 1655P×13311000 = 1655P = 1655×10001331 = 1243.425
Therefore the required sum is Rs.1243.425

  • -7
What are you looking for?