A sum of money put at 11% per annum amounts to 4491 in 2 years 3 month what will it amount to in 3 years at the same rate
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Answer:
T = 2 years 3 months =2+123=2+41=49
Let P be the principle amount
A=P+100PRT
4491=P(1+4×10011×9)
4491=P(1.2475)
⇒ P = 3600 Rs.
SI=1003600×11×3=1188Rs.
A = 3600 + 1188 = 4788 Rs.
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