How much money will amount to Rs 900 in 4 years at 7 percent
Answers
Answered by
0
750
Step-by-step explanation:
Let Principal = P, Rate =R% per annum, Time = n years.
Simple Interest (SI) = (P*R*T )/100
Amount =P + (P*R*T )/100
Thus, 900 = P + (P*5*4)/100
→ 900 = 6*P / 5
⇒ P = ( 900 x 5) /6
= Rs 750
Answered by
0
Principal = 900
Rate = 7%
Time = 4 year
Simple Intrest : P*R*T/100
900*7*4/100
₹252
Amount :- principal + simple intrest
900+252
₹9252
Rate = 7%
Time = 4 year
Simple Intrest : P*R*T/100
900*7*4/100
₹252
Amount :- principal + simple intrest
900+252
₹9252
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