A sum of money put at 11%per annum amounts to rupees 4419 in 2 years 3 months. What will it amount to in 3 years at the same rate?
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Answer:
Rs.3600
Step-by-step explanation:
Rate of interest = 11%
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.
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