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  • If a certain principal amounts to 44,000 rs at 5% p.a. over 2years, how much will it amount to in 3 years at the same rate?

If a certain principal amounts to 44,000 rs at 5% p.a. over 2years, how much will it amount to in 3 years at the same rate?

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eginarrayl extAs we know,\ extsimple interest left(I ight)=fracP imes r imes t100, ext Amount left(A ight)=I+P=Pleft(1+fracr imes t100 ight)\ extGiven, A=44000 at t=2 year , r=5\%\ extPut the values,\ A=Pleft(1+frac5 imes2100 ight)=44000\ Rightarrow P=frac440001.1=40000\ extAmount after 3 year,\ A=Pleft(1+fracr imes t100 ight)\ Rightarrow A=40000left(1+frac5 imes3100 ight)\ Rightarrow A=46000\ extAmount after 3 year is, 46000.endarray

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Deependra Verma

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