Find the principal when final amount is rs 2420 at 4% per annum for 2.5 years
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Final amount-x
rate-4%
time -2.5 yr
2.5×12= 30 month
amount received after 30 month = 30×x =30x
Interest =(x×30×31×4)/2×24×100 calculate it
then maturity =interst +amt received After 30 months. Solve the eq. for x.. and completed
hope it was useful...
rate-4%
time -2.5 yr
2.5×12= 30 month
amount received after 30 month = 30×x =30x
Interest =(x×30×31×4)/2×24×100 calculate it
then maturity =interst +amt received After 30 months. Solve the eq. for x.. and completed
hope it was useful...
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4
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