Maths-

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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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