what principle will be what principle will amount to rupees 23200 in 2 years at 8% per annum find the principal which will amount to rupees 11125 in 2 years and 3 months at the rate of 5% per annum
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1st answer is 20000
let the priniciple be X
so 23200= X + (X×2×8)/100
2nd answer will be 100000 with the same method
just convert number of years to quarters or months as per convenience of calculation and convert yearly interest to quarterly or monthly dividin by 4 or 12.
ping me if u still dont get it
let the priniciple be X
so 23200= X + (X×2×8)/100
2nd answer will be 100000 with the same method
just convert number of years to quarters or months as per convenience of calculation and convert yearly interest to quarterly or monthly dividin by 4 or 12.
ping me if u still dont get it
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