Question

A sum of money put at 11 per cent per annum simple interest amounts to 10370 in 2 years what will it amount to vin 3year at the same rate


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Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

$\sf \red{Let \: the \: principal \: be \: x} \\ \sf \red{Amount = Rs 10,370} \\ \sf \red{Simple \: interest = Amount - Principal} \\ \sf \red{Simple \: Interest= 10370-x} \\ \sf \red{Rate \: of \: interest =} \red{ 11 \%} \sf \red{Time = 2 \: years} \\ \sf \red{Simple \: interest = }$

$\sf \pink{Now \: we \: are \: supposed \: to \: find} \\ \sf\pink{ \: what \: will \: it \: amount \: to \: in \: 3 \: years} \\ \sf \pink{\: at \: the \: same \: rate} \\ \sf \pink{Principal = Rs.8500} \\ \sf \pink{Time = 3 \: years} \\ \sf \pink{Rate \: of \: interest \: = 11 \%}$

$\sf \pink{Amount = Principal +Interest} \\ \sf \pink{Amount = 8500 +2805} \\ \sf \pink{Amount =11305}$

$\bf{Hence \: it \: amount} \\ \bf{\: to \: Rs.11305 \: } \\ \bf{ in \: 3 \: years \: at \: the \: same \: rate}$