If a certain principal amounts to Rs 44000 at 5 percent p.a. over 2 years, how much will it amount to in 3 years at the same rate ?
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(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
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
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