What principal will amount to 9856 in two years are 10% and 12% respectively years if the rates of interest for successive?

What principal will amount to Rs. 9,856 in two years, if the rates of interest for successive years are 10% and 12% respectively?

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A sum of money put at 11% per annum simple interest amounts to rupees 10370 in 2 years. What will it amount to in 3 years at the same rate?

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What principal will amount to Rs. 9,856 in two years, if the rates of interest for successive years are 10% and 12% respectively ?

Given : A = Rs. 9,856 ; n = 2 years ;  r1 = 10 % and r2 = 12%

Amount = `"P"( 1 + r_1/100)( 1 + r_2/100)`

⇒ 9,856 = `"P"( 1 + 10/100 )( 1 + 12/100)`

⇒ 9,856 = `P(11/10)(28/25)`

⇒ P = Rs. `[9,856 xx 10 xx 25]/[11 xx 28]` = Rs. 8,000

Concept: Concept of Compound Interest - Inverse Formula

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