Rs. 2800 becomes Rs.2968 in 3/2 years at a certain rate of simple interest. Find the
sum of money which will become Rs. 4845 in 3.5 years at same rate of interest.
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0
Answer:
Answers are given in the text to three-fourths of the problems. ... Amount of 1 at compound interest for fractional periods, 486 IX. ...... + ar" -1 Furthermore (3) rs = ar 4- ar 2 4- ar 3 4-
Answered by
1
Answer:
Principal= 2,800
Amount = 2, 968
Time= 3
2 years
Interest = Amount - Principal
= 2,968- 2800
= 168
Rate = INTEREST X 100 = 168x100x2
P X T 2800x3
= 4% per annum
Step-by-step explanation:
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