ccaturntkul ccaturntkul

12-01-2022
Mathematics

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What sum of money will earn an interest of $ 162 in 3 years at the rate of 12% per annum

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shahdshaker203 shahdshaker203

12-01-2022

Answer:

Let the sum of money be Rs p

So Amount = p +[( p x 12 x 3)/100]

{from the relation,a=p+[(pxRxt)]

But Amount is given as $162 in the question

= 162 = y +(36y)/100

162 = 34y/25

y=$119.117

So, the answer is $119.117

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