Answer: REMEMBER THE FORMULAE
A=P(1+INTEREST)^t where P is principal amount to be invested, t is time to be invested and A is the total amount to be earned after investement.
53000=p(1+11/100)^10
53000=p(1.11)^10
53000=p(2.84)
53000/2.84=p
p=18667
Step-by-step explanation:
