sum invested at the rate of interest 5% s.i grows to rs.5400 in 4years. the same amount in 3 years at the rate of 10% per annum s.i will grow to
Hi,
Let the sum be Rs.x
Amount = rs.5400
number of years = 4
Rate of interest = 5%
Amount = P(1+r*t/100)
5400 = P(1+5*4/100)
5400 = P * 6/5
P=5400*5/6
P=5400 * 5/6 = 27000/6 = 4500
required amount = P(1+r*t/100)
R=10%
T= 3years
4500(1+10*3/100)
4500*13/10 = rs.5850
Hope this information is helpful
Thank you.