Question

Q sum of money put at 11%per annum amounts to rs.4491 in 2 years 3months. What will amount to in 3 years at the same rate

Answer 1

Answer:

3,600 will amounts to 4,788 in 3 years

Step-by-step explanation:

In simple interest,

An = P(1+nr/100)

Given, An = 4491 , n = 2 3/12 = 2.25 , r = 11% , P = ?

4491 = P(1+2.25×11/100)

4491 = P(1.2475)

P = 3600

In 3years 3600 will amounts to

=>> P = 3,600 , r = 11% , n = 3 , An =?

An = 3600(1+3×11/100)

= 4788