What sum of money will amount yo 1560 in 3 years 4 months at 9%vompound interest
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Answered by
18
principal=1560 , number of years=3(1/4)=13/4
rate of interest=9%
s. I=pnr/100
s. I=1560×13×9/100×4
you want to cancel and find the answer
rate of interest=9%
s. I=pnr/100
s. I=1560×13×9/100×4
you want to cancel and find the answer
Answered by
4
principal =1560
Year =3 years 4 months
Months=12×3+4=40/12
Rate =9%
• s.i=p×y×r/100
1560×40×9/100×12
=468..
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