16. A sum of money put at 11% per annum amounts to 3 4491 in 2 years 3 – InterviewSolution

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16. A sum of money put at 11% per annum amounts to 3 4491 in 2 years 3 months. Whatamount to in 3 years at the same rate?

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Answer:

Rate of interest = 11% and Time = 2 yrs 3 months = 2 yrs 3/12 = 2.25 yrs. X = - 449100/- 124.75 = 3600. So the PRINCIPAL AMOUNT is equal to Rs. 3600

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