what sum of money will amount to rupees 1170 in three years at 10% per annum simple interest ?
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Answered by
0
Answer:
P=Rs170.10
T=2yaers3months
T=2+
12
3
=
4
9
years
S.I.=
100
P×R×T
S.I.=
100
170.10×6×
4
9
Rs22.9635
Step-by-step explanation:
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Answered by
1
what sum of money will amount to rupees 1170 in three years at 10% per annum simple interest ?
Here, S.I. = 1700, P = 2 years, R = 10% p.a.
Using simple interest formula, we have
S.I. = (PxNxR)/100
(a)
P = (S.I. x 100)/(N x R)
= (1700 x 100)/(2 x 10)
= 8500
Therefore, sum (P) = Rs. 8500
(b)
A=P(1+ r/2x100)2n
= 8500(1 + 10/200)2
= 8500(21/20)2
= Rs. 9371.25
Compound Interest (C.I.) = A - P = 9371.25 - 8500 = Rs. 871.25
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