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3rd year CI on a certain sum of money is Rs 98 and rate of interest is 50/3% pa. Find the principal value.

3rd year CI on a certain sum of money is Rs 98 and rate of interest is 50/3% pa. Find the principal value.

Grade:8

1 Answers

Sourabh Singh IIT Patna
askIITians Faculty 2104 Points
6 years ago
Hii

You can fin out the amounts at the end of second year and third year.
Equate that to 98.
With this formula you will get the value of principal

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