Present (In ₹) worth of ₹ 9261 due 3 years, hence at 5 % per annum compounded yearly.

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6.Interest

easy

Find the present (In ₹) worth of ₹ $9261$ due $3$ years, hence at $5 \%$ per annum compounded yearly.

$7000$

$8000$

$9000$

None of these

Solution

(b) Here, $A=9261, t=3$ and $R=5$

$\begin{aligned} \therefore \quad P &=\frac{A}{\left(1+\frac{R}{100}\right)^{t}}=\frac{9261}{\left(1+\frac{5}{100}\right)^{3}} \\ &=\frac{9261 \times 20 \times 20 \times 20}{21 \times 21 \times 21}=₹ 8000 \end{aligned}$

Standard 13

Quantitative Aptitude

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medium

Find the present (In ₹) worth of ₹ $9261$ due $3$ years, hence at $5 \%$ per annum compounded yearly.

Solution

Similar Questions

There is $60 \%$ increase in an amount in $6$ years at simple interest. What will be the compound interest (In $Rs.$) of $Rs. 12,000$ after $3$ years at the same rate?

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