Question

A certain Sum of money amounts to Rs 1260 in 2 years at a rate of 2.5% p.a. What would be the amount of money in 5 years at the same rate of Interest?​

Answer 1

Step-by-step explanation:

We know that,

Amount=P+SI

Rs1260=P+prt/100

Rs 1260=P+P×2×2.5/100

Rs 1260=P+P×1/20

Rs 1260=21P/20

or,P=Rs 1800

Then

SI=PRT/100=1800×5×2.5/100

SI=RS225

AMOUNT =2025