Question

16. A sum of money put at 11% per annum amounts to 3 4491 in 2 years 3 months. What
amount to in 3 years at the same rate?​

Answer 1

Answer:

Rate of interest = 11% and Time = 2 yrs 3 months = 2 yrs 3/12 = 2.25 yrs. X = - 449100/- 124.75 = 3600. So the Principal amount is equal to Rs. 3600