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August 8th, 2019, 08:12 AM   #1
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What is 64800 in this SI & CI problem?

A sum of money becomes 64800 at C.I. If rates of interest in 3 years are 12.5%,6.66% & 9.09 % respectively, find the C.I.

What is 64800? Here 64800 considered as principal (or) amount (or) S.I (or) C.I ?

Last edited by skipjack; August 8th, 2019 at 09:49 AM.
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August 8th, 2019, 09:54 AM   #2
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Amount. The principal was about 49503.5 (assuming the compound interest is added at the end of each year).
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