Question

Find the present value of ₹44800 due after 3 years at 4℅ p.a.simple interest​

solution ​

Answer 1

• 4% of 44800 rupees=1792 rupees Now this is for 1 year for 3 year it will be =1792×3=5376rupees

Answer 2

P= Rs 44800

T= 3 years

R=4%

Interest=P×T×R/100

I=Rs 44800×3×4/100

I=Rs 5376