A sum of money put at 11% per annum amounts to rs 4491 in 2 years.what will it amount to in 3 years at the same rate.
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Amount =4491
Rate of interest =11%
Time=2yr
In 3rd there
AMOUNT =amount of 2nd year x(1+r/100)
=4491x(1+11/100)
=4491x(111/100)
=4985.01
This is ur ans hope it will help you
Rate of interest =11%
Time=2yr
In 3rd there
AMOUNT =amount of 2nd year x(1+r/100)
=4491x(1+11/100)
=4491x(111/100)
=4985.01
This is ur ans hope it will help you
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