What sum will amount (In ₹) to ₹ 15916.59 in | vedclass

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Question

(c) Let, ₹ $P$ be the required sum.

Then, $15916.59=P\left(1+\frac{3}{100}\right)\left(1+\frac{2}{100}\right)\left(1+\frac{1}{100}\right)$

$=P\l

Vedclass · Accepted Answer

$15000$

Vedclass · Answer

(c) Let, ₹ $P$ be the required sum.

Then, $15916.59=P\left(1+\frac{3}{100}ight)\left(1+\frac{2}{100}ight)\left(1+\frac{1}{100}ight)$

$=P\left(\frac{103}{100} 	imes \frac{102}{100} 	imes \frac{101}{100}ight)$

$P=\frac{1591659 	imes 100 	imes 100}{103 	imes 102 	imes 101}$

$=₹ 15000$

What sum will amount (In ₹) to ₹ $15916.59$ in $3$ years at compound interest, the interest for first, second and third year being $3,2$ and $1$ per cent, respectively?

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