If the interest is compounded annually and the compound interest after 3 years at 10% per annum on a sum is Rs. 331, the principal is
$$ P \times (1 + \frac{10}{100}) ^{3} $$= P + 331
1.331P = P + 331
So, P = 1000
Create a FREE account and get:
Quick, Easy and Effective Revision
By proceeding you agree to create your account
Free CAT Formulae PDF will be sent to your email address soon !!!
