Question

Solve the following problems.

What sum will amount to Rs. 392 at the rate of 4% p.a in 3 years?

Answer 1

Amount (A) = Rs.392

Time (T) = 3 years

Rate (R) = 4%

Principal (P) = ?

Let the principal be Rs.100.

Amount,

If the amount is Rs.112, then the principal is Rs.100.

If the amount is Rs.1, then the principal is Rs..

If the amount is Rs.392, then the principal is:,

Thus, the sum of Rs.350 will amount to Rs.392 at the rate of 4% p.a in 3 years.