what amount should be lent by eshwar so that amount obtained as interest will be Rs.1831.50 after2 years and 9 months?
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Answer:
Step-by-step explanation:
Interest for 1 year = 12 %
interest for quarter or 3 months = 12 /3 % =4%
in two year 9 months we have = 11 quarters
let Principal amount = P
amount =1831.50
amount = P [ 1 + r /100 ]^ n
1831.50 = P [ 1 + 4 /100] ¹¹
1831.50 =P [ 1.04 ] ¹¹
1831.50 / 1.54 = P
P =1189.28
This may help you marle ek thanks
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