Question

a sum of money put at 11% per amount 24491 in 2 year 3 month what will it amount in 3 year at same let

Answer 1

let Principal be p
rate% = 11%
time= 2year 3 month = 27/12 year
interest = prt/100
= p*11/100*27/12
=.2475p
amount=p+I
p+.2475p=24491
1.2475p=24491
p=19577(approx)

for 3 years interest = prt/100
19577*11/100*3
interest =6460.41
amount= 19577+6460.41
=Rs26036.41