Question

If a certain principal amount to Rs 44,000 at 5% per annum for 2 years, how much will it amount to in 3 years at same rate.

Answer 1

Answer:

Step-by-step explanation:

(44000-p)=pnr/100 

100(44000-p)=pnr

r=5

n=2

4400000-100p=p*5*2

4400000-100p=10p

4400000=100p+10p

4400000=110p

4400000/110=p

=40,000 

P=Rs.40,000 

Interest for 2 years = Rs.4000

For 1 year it will be Rs.2000

So for 3 years it will be Rs. 6000