Question

Find the principal which will amount to rupees 11125 in 2 years and 3 months at the rate of 5% per annum

Answer 1

Answer:

1st answer is 20000

let the priniciple be X

so 23200= X + (X×2×8)/100

2nd answer will be 100000 with the same method

just convert number of years to quarters or months as per convenience of calculation and convert yearly interest to quarterly or monthly dividin by 4 or 12.

ping me if u still dont get it