Rs. 12000 becomes Rs. 15000 in two years at simple interest. Identify the amount that will become Rs. 8800 in 3 years at the same rate of interest.
Answers
Answered by
0
Step-by-step explanation:
Sum=Rs.12000
Time=3 years
Rate of interest=8%,10%,15%
Required amount, A = P(1+
100
r
1
)(1+
100
r
2
)(1+
100
r
3
)
⇒A=Rs.12000(1+
100
8
)(1+
100
10
)(1+
100
15
)
⇒12000×
100
108
×
100
110
×
100
115
⇒Rs.16394.40
C.I.=Rs.16394.40−Rs.12000=Rs.4394.40
Answered by
2
Answer:
Step-by-step explanation:
Sum=Rs.12000
Time=3 years
Rate of interest=8%,10%,15%
Required amount, A = P(1+
100
r
1
)(1+
100
r
2
)(1+
100
r
3
)
⇒A=Rs.12000(1+
100
8
)(1+
100
10
)(1+
100
15
)
⇒12000×
100
108
×
100
110
×
100
115
⇒Rs.16394.40
C.I.=Rs.16394.40−Rs.12000=Rs.4394.40
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