Question

(c) What sum of money will amount to Rs 360 in 3 years 9 months at 16% p.a​

Answer 1

Answer:

interest= principal × time × rate of interest/100

time

$3 \frac{3}{4} \: years = \frac{15}{4} \: years$

principal=360 rupees

rate of interest = 16%

so the interest is =

$\frac{360 \times \frac{15}{4} \times 16}{100} = 216 \: rupees$

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Answer 2

Answer:

Answer:

interest= principal × time × rate of interest/100

time

3 \frac{3}{4} \: years = \frac{15}{4} \: years3

4

3

years=

4

15

years

principal=360 rupees

rate of interest = 16%

so the interest is =

\frac{360 \times \frac{15}{4} \times 16}{100} = 216 \: rupees

100

360×

4

15

×16

=216rupees