(a)
\The total Income is
.
Time period is
years.
Rate of interest
.
Find principal income compounded monthly.
\Compound interest is
.
Rewrite the equation
.
For monthly compounded
.
Substitute all the values in the equation.
\




The prinicipal income is
.
(b)
\The total Income is
.
Time period is
years.
Rate of interest
.
Find principal income compounded continuously.
\Compound interest is
.

Substitute all the values in the equation.
\



The prinicipal income is
.
(a) The prinicipal income is
.
(b) The prinicipal income is
.