Maths-
General
Easy
Question
What sum of money will amount to Rs9261 in 3years at 5% per annum compound interest?
Hint:
Use the formula of total amount to find the principal amount.
The correct answer is: 8000 Rupees
Complete step by step solution:
Let the principal amount = P
Here we have R = 5% , T = 3 years and total amount A = 9261 Rupees.
We know that 
…(i)
On substituting the known values in (i), we get 
Rupees.
Hence the principal amount P = 8000 Rupees.
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