Question

If a certain principal amount to rs 44000 at 5%p.a. over 2 years how much will it amount to in 3 years at the same rate

Answer 1

A=44000, let P=x,T=2 years,R=5%
by A=P(1+TR/100)
44000=x(1+2×5/100)
x=44000×10/11=40000
in this case P=40000,T=3years and R=5%
A=P(1+TR/100)
A=40000(1+3×5/100)
=40000×23/20=2000×23=₹46000