To find the original sum (or principal), we can use the formula for compound interest, which is:

A = P(1 + r/n)^(nt)

Where:
A = the amount of money accumulated after n years, including interest.
P = the principal amount (the initial amount of money)
r = annual interest rate (in decimal)
n = number of times that interest is compounded per year
t = time the money is invested for in years

In this case, we know that A = Rs 64827, r = 5% or 0.05 (in decimal), n = 1 (since it's compounded annually), and t = 3 years. We need to find P.

So, we can rearrange the formula to solve for P:

P = A / (1 + r/n)^(nt)

Substituting the given values:

P = 64827 / (1 + 0.05/1)^(1*3)
P = 64827 / (1.05)^3
P = 64827 / 1.157625
P = Rs 56000 approximately

So, the original sum was Rs 56000.

Question

To find the original sum (or principal), we can use the formula for compound interest, which is:

A = P(1 + r/n)^(nt)

Where:
A = the amount of money accumulated after n years, including interest.
P = the principal amount (the initial amount of money)
r = annual interest rate (in decimal)
n = number of times that interest is compounded per year
t = time the money is invested for in years

In this case, we know that A = Rs 64827, r = 5% or 0.05 (in decimal), n = 1 (since it's compounded annually), and t = 3 years. We need to find P.

So, we can rearrange the formula to solve for P:

P = A / (1 + r/n)^(nt)

Substituting the given values:

P = 64827 / (1 + 0.05/1)^(1*3)
P = 64827 / (1.05)^3
P = 64827 / 1.157625
P = Rs 56000 approximately

So, the original sum was Rs 56000.

Knowee AI · Accepted Answer

To find the original sum (or principal), we can use the formula for compound interest, which is:

A = P(1 + r/n)^(nt)

Where:
A = the amount of money accumulated after n years, including interest.
P = the principal amount (the initial amount of money)
r = annual interest rate (in decimal)
n = number of times that interest is compounded per year
t = time the money is invested for in years

In this case, we know that A = Rs 64827, r = 5% or 0.05 (in decimal), n = 1 (since it's compounded annually), and t = 3 years. We need to find P.

So, we can rearrange the formula to solve for P:

P = A / (1 + r/n)^(nt)

Substituting the given values:

P = 64827 / (1 + 0.05/1)^(1*3)
P = 64827 / (1.05)^3
P = 64827 / 1.157625
P = Rs 56000 approximately

So, the original sum was Rs 56000.

A sum becomes Rs 64827 in 3 years at 5% per annum compound interest. Find the sum.Rs 56000Rs 52000Rs 48000Rs 60000

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