A sum of money put at 11% per annum amounts to ₹4491 in 2 years 3 months. What will it amount to in 3 years at the same rate
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Answered by
5
Answer:
3600
Step-by-step explanation:
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.
Answered by
28
To calculate amount at the end of 3 years , at first we have to find out simple interest then calculate principal or sum of money. At last we have to find amount for 3 years at same interest which is given in the question. Before calculate simple interest at first we have to calculate time as per the annual interest per year ,so 2years 3months which is equal to 2 whole 3/12 or 27/12=> 9/4 years:
Now calculate calculate P here:]
Now calculate amount for 3 years:]
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