A sum of money amounts to 1200 in 1 year and 1275 in 2 years. Find out the principle amount.
Answers
Answered by
1
Answer:
Sum=Rs.1200
Amount after one year=Rs.1275
interest for one year=1275−1200=Rs.75
C.I for one year=S.I for one year
interest=
100
PRT
⇒75=
100
1200×R×1
⇒R=
1200×1
75×100
⇒R=6
4
1
%
For second year
Sum=Rs.1275
interest=
100×4
1275×25×1
=79.68=Rs80
Similar questions