Question

a sum of money pur at 11% per annom simple interest amount to rupees 10370 in 2 years . what will it amount to in 2 years at the same rate

Answer 1

Answer:

rate

Step-by-step explanation:

Let the principal be x

Amount = Rs 10,370

Simple interest = Amount - Principal

Simple Interest= 10370-x

Rate of interest = 11%

Time = 2 years

Simple interest =  

Now we are supposed to find what will it amount to in 3 years at the same rate

Principal = Rs.8500

Time = 3 years

Rate of interest = 11%

Amount = Principal +Interest

Amount =8500 +2805

Amount =11305

Hence  it amount to Rs.11305 in 3 years at the same rate

#Learn more :

A sum of money put 11 %per annum simple interest amount to 10370 in 2 years what it will amount in 3 years at the dame rate​

Step-by-step explanation: