7. A sum of money is invested for 3 years at a rate of 10% interest co

1.	7. A sum of money is invested for 3 years at a rate of 10% interest compounded annually. If the sumof money grows by Rs 5296 then find the sum of money invested.
Answer» <P> $\huge{ \pmb{ \frak{ \underline{ \color{blue}{❥Answer}}}}}$ GIVEN:- Years = 3 Interest = 10% Amount = 5296. TO FIND:- find the sum of money invested. SOLUTION:- LET the Sum be P. A = P( 1 + 10/100 )³ A = P + 5296. P + 5296 = P( 1 + 10/100 )³ P = ₹16,000. I Hope it's HELPFUL My Friend.

7. A sum of money is invested for 3 years at a rate of 10% interest compounded annually. If the sumof money grows by Rs 5296 then find the sum of money invested.

Answer»

<P> $\huge{ \pmb{ \frak{ \underline{ \color{blue}{❥Answer}}}}}$

Years = 3

Interest = 10%

Amount = 5296.

find the sum of money invested.

LET the Sum be P.

A = P( 1 + 10/100 )³

A = P + 5296.

P + 5296 = P( 1 + 10/100 )³

P = ₹16,000.