Find the CT at the rate of 5%per annum for 3 years on the principal which gives ₹1200 as the SI ?
Answers
Answered by
1
Answer:
Clearly, Rate = 5% p.a., Time = 3 years, S.I.= Rs. 1200. . .
So principal=RS [100*1200]/3*5=RS 8000
Amount = Rs. 8000 x [1 +5/100]^3 - = Rs. 9261.
.. C.I. = Rs. (9261 - 8000) = Rs. 1261.
Similar questions