What sum of money amounts to 2240 at 4% in 3 years?
Answers
Answered by
0
Step-by-step explanation:
2240 *3*4/100
224*3*4/100
224* 3*2/50
224*3/25
Answered by
5
Step-by-step explanation:
let principal = Rs. X
amount = Rs. 2240
rate = 4%
time = 3 years
interest = p×r×t\ 100
= X × 4 × 3 ÷ 100
= 12X ÷ 100
amount. = P + I
= X + 12X ÷ 100
2240 = 112X ÷ 100
2240×100 = 112X
224000 ÷ 112 = X
2000 = X
hence pricipal = 2000 rs.
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