mohan lends out a sum to ramesh at 6% per annum si rate in such a way that rate of interest increases by 0.5℅ after end of every year. calculate the lent sum, if after 4 years mohan receives rs 1080 as interest
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Answer:
just multiply all then the get will get divided with ,1080
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Step-by-step explanation:
for the first year : R: 6%
for the second year : R: 6.5%
for the third year : R: 7%
for fourth year : R: 7.5%
NOW
1080= P*6*1/100 + p*6.5*1/100 + p*7*1/100 + p*7.5*1/100
108000 = p(6+6.5+7+7.5)
108000= p (27)
108000/27 =p
4000 ANSWER.
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