Question

If money is worth 10% simple interest rate, what is the value of debt of Rs. 3,000 due in 9 months with
interest at 14% after 12 months from now?
A Rs. 2.715
B Rs. 3,398
C Rs. 3,315
D Rs. 3.181​

Answer 1

Answer:

principal=3,000

rate of Interset=10%

time=9 month

formule of simple Interset =

principal(P)*rate of Interset(R)*time(T)

100

SI=3,000*10*9

100

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=2700rs

principal=3,000

rate of Interset =14%

time = 12 month

formule of simple Interset =

principal(P)*rate of Interset(R)*time(T)

100

SI=3,000*14*12

100

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=5040rs

Answer 2

Answer:

3000(1+0.14*9/12)=3315

3315(1+0.1*3/12)=3398