ICSE Class 7 Answered
If rs 450 amounts to rs 540 in 4 year at s.i. find the sum that will amount to rs 637.50 in 5 years at the same rate of interest?
Asked by Palreena738 | 10 Sep, 2018, 08:03: PM
Expert Answer
P = Rs. 450, A = Rs. 540, n = 4 years at simple interest
SI = A - P = 90
SI = Pnr/100 = 90
we get r = 5%
A = 637.50 and n = 5 years, r = 5%
A = P + SI
using the above formula calculate P = 510
Answered by Sneha shidid | 12 Sep, 2018, 10:21: AM
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