Browse by Stream
QnA
Home
QnA
Go To Your Study Dashboard

Get Answers to all your Questions

header-bg qa
  • Home
  • School
  • What sum amounts to Rs. 1,044 in 4 years, at the rate of interest of 4 % per annum?

What sum amounts to Rs. 1,044 in 4 years, at the rate of interest of 4 % per annum?

Answers (1)

best_answer

Amount =A= Rs. 1044

Number of years=T = 4

Rate of interest =R= 4%

So

A=P+I

and 

I=fracPRT100

So

1044=P+fracP imes 4 imes 4100 \ 1044=P+fracP imes 425 =frac29P25 \ P=frac1044*2529=36*25=900 Rs

Posted by

Deependra Verma

View full answer

Similar Questions

Latest Question