How much will a sum of Rs. 20,000 deposited at a rate of 11% per annum
Answers
Answered by
0
Step-by-step explanation:
Let the rate of interest be x %
And we know S.I.=
100
PRT
Then according to the question,
=
100
20000×x×1
=1200
x=6%
Now Rate of interest =6%,
Sum=Rs.35000
Time =1year
Therefore S.I.=
100
PRT
=
100
35000×6×1
=Rs.2100
Answered by
0
Answer:
Amount=22,200
Step-by-step explanation:
Interest = P*R*T/100
=20,000*11*1/100
=2,200/-
Amount=I+p
=2,200+20,000
=22,200/-
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