Manoj deposited a sum of money in a scheme that offers

Q: Answer-Manoj deposited a sum of money in a scheme that offers 10% annual compound interest for a period of...

Let the amount invested by Manoj Rs. x So the interest earned by Manoj after three years x 1 0.103 1 10261 0.331x 10261, x 31000 So, the amount invested by Manoj Rs. 31000

10% annual compound interest for a period of three years. If the total interest he earned at the end of three years is ₹10,261, determine the principal amount he invested.

A Rs. 30,000

B Rs. 32,000

C Rs. 29,000

D Rs. 31,000

E None of these

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