If a sum of money amounts to Rs.44000 at 5% p.a. after two years, how much will it amount to in 3 years at the same rate?
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Answers
Answered by
15
Let the amount be P
now Total amount after 2 yrs.=
P +(P×5×2)÷100=44000
P+P÷10=44000
11P÷10=44000
P=44000×10÷11
P=40000
Now after 3 yrs
amount =40000+(40000×5×3÷100)
=40000+6000=46000
now Total amount after 2 yrs.=
P +(P×5×2)÷100=44000
P+P÷10=44000
11P÷10=44000
P=44000×10÷11
P=40000
Now after 3 yrs
amount =40000+(40000×5×3÷100)
=40000+6000=46000
shreya208:
Answer is 46000 your answer is incorrect
you are incorrect okk i have just given you the Principle ...You can find the amount further on..
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how it becomes 11p
Answered by
4
Answer:
Hope it helps to you
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Answer:
Let the principle be Rs P.
Give, r=5 , n=2 and A = Rs. 44000.
We know that, A = P + S.I.
.: Rs. 44000 = Rs P +
→ Rs P + Rs= Rs 44000
Thus, the principal is Rs 40000.
Amount at the end of 3 years
= P + S.I.
= Rs 40000 +
= Rs 40000 + Rs 6000
= Rs 46000
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