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if a certain principal to Rupees 45000 at 5% per annum over 2 years how much will it amount to in 3 years at the same rate |
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Answer» amount to be in 3 years at 5% =47250/- Step-by-step EXPLANATION: A =p(1+r/100)^t 45000 =p(1+5/100)^2 45000 = p(1.05*1.05) p = 45000 /(1.05*1.05) =40816 according to question A = 40816 (105/100)^3 =47250 RS |
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