ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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find the principle which will amount to rupees 8788 in 3 years at the rate of 4% p.a compounded annually
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70304
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70306
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12.5
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8788
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Explanation:
Detailed explanation-1: -3200 Hence principal =Rs. 3200.
Detailed explanation-2: -Hence, the principal is Rs. 250.
Detailed explanation-3: -Expert-Verified Answer so ₹10400 will amount to ₹20800.
There is 1 question to complete.