Question

the sum of money amount to rupees 484 thousand at 5% p a after 2 years how much will it amount to in 3 years at the same rate???​

Answer 1

Answer:

506000

Step-by-step explanation:

let the orginal money deposited in first year was x rupees

now the interest on x for 2 years at the 5 % is calculated as (x×2×5)/100

or x/10  now  by adding the principle x with this interest of 2 year we get x+x/10=11x/10

now we have this value which is equal to 484000 rupees ∵ by the condition of the question we have 11x/10=48400

or x=(484000×10)÷11

0r x=440000

now the interest on 440000 for 3 years at rate of 5% will be (440000×3×5)÷100=66000

by adding this interest we get the answer 66000+440000=506000