A sum of money amounts to Rs. 6655 at the rate of 10% compounded

A sum of money amounts to Rs. 6655 at the rate of 10% compounded annually for 3 years. The sum of money is

Let the principal be Rs. P.
Here , Amount ( A ) = Rs. 6655 , P = ? , Rate = 10% , Time = 3 years
Using the given formula , we have

A = P		1 +	R		^T
			100

⇒ 6655 = P		1 +	10		³
			100

⇒ 6655 = P		1 +	1		³
			10

⇒ 6655 = P		11		³
		10

⇒ P =	6655 × 10 × 10 × 10	= Rs. 5000
	11 × 11 × 11