If a certain principal amounts to 44,000 at 5% p.a. over 2 years, how much will it amount to in 3 vears at the same rate? interest. do without taking X
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Ahhh! Another Compound Interest Question!
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here's Your Answer
Step-by-step explanation:
A = 44000
SI = P * 5 * 2 / 100
SI = P / 10
A - Si = P
44,000 - P / 10 = P
(4,40,000 - P ) / 10 = P
4,40,000 = 11P
P = 4,40,000 / 11
P = 40,000
SI =( 40,000 * 5 * 3 )/ 100
SI = 6000
Amount = 40,000 + 6000
Amount = 46000
Ans : 46,000
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