Question

A sum of money put at 11% per annum amounts to rupees 4491 in 2 years 3 months what will it amount to in 3 years at the same rate. Step by step solution

Answer 1

P =₹4491 ,R=11% ,Time=2years 3months

SI =prt/100
=4491×11×2.25
=49401×2.25
=111152.25
Now, Time =3months

SI,=PRT /100
=4491×11×3
=49401×3
=148203