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Time value of money

Asun was put at simple interest at a certain rate for 2years had it been put at 3%higher rate it would have fetched rs.72 more . The sum is


bhavika vyas

bhavika vyas

CA Foundation

1K+

18-Nov-20

31

Answers (1)

P x 2 x (R+3)% - (P x 2 X R%) = 72 P x 2 x 3% = 72 P = 36/3% P = 1200


Sriram Somayajula

Sriram Somayajula

Admin

19-Nov-20

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