Saved Bookmarks
| 1. |
8. Meenal lends75,000 at C.I. for 3the rate of interest for the first two years is15% per year and for the third year it is 16calculate the sum Meenaof the third year.I will get at the end |
|
Answer» P= 75000T= 3yrsR1 = 15%R2 = 16%A = P(1+R1/100)^2 × (1+R2/100)= 75000(1+15/100)^2 × (1+16/100)= 75000(23/20)*(23/20)*(29/25)= 15*23*23*29/2= 115057.5 |
|