Question

A sum of money put at 11 percent per annum simple intrest accounts to rupees 10370 in 2 years .What will it amount to in 3 years at the same rate.
​

Answer 1

Answer:

By using for Property 7 in use by solve your answer 9.88

Answer 2

Answer:

P + I = P + P×r×t where P=principal, r=rate of interest, t=time

P+I = P(1+rt) = P(1+(11/100)×2) = P×1.22 = 10370

this gives P=10370/1.22 = 8500

Amount after 3 years = P(1+(11/100)×3)

=8500×1.33=11305 Rs Ans