Q7 of 52 Page 112

Let us write by calculating the principal which becomes ₹2648 after getting 10% compound interest per annum for 3 years.

Let principal = ₹x


At the rate of 10% compound interest per the annum the amount for 3 years




∴ Compound interest for 3 years


By the condition,





∴ x = ₹8000


∴ Principal is ₹8000


More from this chapter

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5

Let us write by calculating the amount on ₹80000 for years at the rate of 5% compound interest per annum.

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Let us write by calculating what sum of money at the rate of 8% compound interest per annum for 3 years will amount to ₹31492.80.