Question

If a certain principal amounts to 44,000 at 5% p.a. over 2 years, how much will it amount to in 3
years at the same rate?
explanation ​

Answer 1

Answer:

Step-by-step explanation:

Principle Amount=44000

Rate of Interest=5%

Year=2

Simple Interest=P×R×T/100

44000×5×2/100

440000/100

4400

Amount in 3 years=P+S.I

=44000+4400

=48400

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