Question

If a certain principal amounts to 55000 at 15% per annum over 4 years how much will it amount in 6 years​

Answer 1

Answer:

Step-by-step explanation:

Let the principle be P

T=4 years

R=15%

A=55000

SI=p×15×4/100

SI= 3p/5

Therefore : p+3p/5=55000

8p/5=55000

P= 55000×5/8

P=34375

New Time =6years

Therefore :

SI=34375×6×15/100

SI=58207.5

A=(34375+58204.5)

 

=92579.2

Answer 2

Step-by-step explanation:

The new time period(T) is 6 years and the rate of interest(R) is the same as 15%. So using this information we calculate simple interest. Hence the principal amounts to Rs. 65312.5 in 6 years.

I hope it helps you ✌️