a sum of money put at 11 percent per annum amounts to rupees 4491 in 2 years 3 months what will it amount to in 3 years at the same rate
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Given r=8%, t=2 years
We know that A=P(1+1wrt)
⇒12122=P(1+10016)
⇒P=10450
After 2 years 8 months, it will be
=10450×(1+38×1009)
=10450×100124
=Rs.12958.
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