a sum of money put at 11 percent per annum amounts to rupees 4491 in 2 year 3 month what will it amount to in 3 years at the same rate
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So Let The Principal Be 100X
You don't mentioned about the Type of interest so we assume it as Simple Interest!
So SI after 2 year 3 months~2.25 years at 11% p.a.
=PRT/100
=100X*2.25*11/100
=24.75X
So Amount will 124.75X
And Amount after 3 years= 100X+ 100X*11*3/100
=100X+33X
=133X
Now.. 124.75X=4491
X=36
So Amount After 3 years=133(36)
= 4788 Rupees...
I hope it Helps!
You don't mentioned about the Type of interest so we assume it as Simple Interest!
So SI after 2 year 3 months~2.25 years at 11% p.a.
=PRT/100
=100X*2.25*11/100
=24.75X
So Amount will 124.75X
And Amount after 3 years= 100X+ 100X*11*3/100
=100X+33X
=133X
Now.. 124.75X=4491
X=36
So Amount After 3 years=133(36)
= 4788 Rupees...
I hope it Helps!
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