The amount (in Rs) received at 10% per annum compound interest after 3 yrs is Rs 1,19,790. What was the principal?
$$P(1+\frac{R}{100})^{3}$$=119790
$$P(1+\frac{10}{100})^{3}$$=119790
$$P(\frac{11}{10})^{3}$$=119790
P=119790*1000/1331
P=Rs 90000
Create a FREE account and get: