Find the sum of money that amounts to 11200 in 3 years at the interest of 4 percent per annum
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Answered by
7
Answer:
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Rs 10,000 is the sum of money.
Step-by-step explanation:
SI=(P*T*R) /100
=(P*3*4)/100
=12P/100
ATQ,
SI+P=11200
(12P/100)+P=11200
112P=1120000
P=1120000/112
P=10000
Answered by
1
Answer:
The required sum of money is ₹10,000.
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