CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

What sum will amount to Rs. 6,593.40 in 2 years at C.I., if the rates are 10 percent for the successive years?


Solution

Let principal (p) = Rs.100
For 1$$^{st}$$ year
P = Rs.100
R = 10%
T = 1 year
I $$= \dfrac{100 \times 10 \times 1}{100} =$$ 10
A = 100 + 10 = Rs.110
For 2$$^{nd}$$ year
P = Rs.110
R = 11%
T = 1 year
I $$= \dfrac{110 \times 11 \times 1}{100} =$$ 12
A = 110 + 12.10 = Rs.122.10
If Amount is Rs.122.10 on a sum of Rs.=100
If amount is Rs.1, sum = $$\dfrac{100}{122.10}$$
If amount is Rs.6593.40, sum = $$\dfrac{100}{122.10} \times 6593.40$$
= Rs.5400

Mathematics

Suggest Corrections
thumbs-up
 
0


similar_icon
Similar questions
View More


similar_icon
People also searched for
View More



footer-image