Question

.If a certain principal amounts to Rs.55,000 at 155 per annum over 4 years, how much will it

amount to in 6 years?

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Answer 1

Answer:

92579.2

Step-by-step explanation:

Let the principle be P ,

T=4 years ;   R=15% ;   A=55000

S.I.= P×15×4/100

S..I= 3P/5

Therefore,

P+3P/5=55000

8P/5=55000

P= 55000×5/8

P=34375

New Time =6years

Therefore,

S.I.=34375×6×15/100

S.I.=58207.5

A=(34375+58204.5)=92579.2

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