What sum will amount to rupees 4590 at 12 percent at 3 years
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amount = principal + interest
amount = principal + ptr
here r = R/100
amount = principal ( 1+ tr)
4590 = principal ( 1+ (3*0.12))
principal = 4590/1.36
principal = 3375 rs
amount = principal + ptr
here r = R/100
amount = principal ( 1+ tr)
4590 = principal ( 1+ (3*0.12))
principal = 4590/1.36
principal = 3375 rs
pavanisodavaram:
I assumed it as simple interest. Please clarify if it is compound
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