Question

If $A=P[1+\frac{R.T}{100}]$, find P if $A=Rs3000,R=10\%p.a$ and $T=10$ years

Answer 1

$A=Rs.3000$

$R=10\%p/a$

$T=10years$

$\Rightarrow A=P\left[1+\frac{R.T}{100}\right]$

$\Rightarrow 3000=P\left[1+\frac{100}{100}\right]$

$\Rightarrow 3000=P\left(2\right)$

$P=Rs.1500$