a sum of money put at 12% per annum amount rs 966 in 3 years 2 months what will be amount of it in 2 years at 18%
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the value of the amount of it in 2 yrs at 18% is 915.1488 rs.
akash3744:
how?? pls solve
ok first you'll have to apply the formula I=PRN/100 where I,R,N are 966 rs., 12 percent and 38 months respectively and you'll find the value of P= 211.84 then youll have to apply the same formula to find interest with P, R, N are 211.84, 18, 24 respectively then you'll get the answer 915.1488 rs.
but its answer is 952
then you should try the answer with compund interest coz u don't mention the type of interest in the problem
no its a simple interest bcause i saw in book which is chapter simple interest
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I hope it will be help you.
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