Question
A sum of money lent at compound interest at the rate of
30% per annum is paid back in three equal annual installments of Rs.4394. Find the sum of money?Solution
Required sum borrowed = 4394 x (1 + 30/100)2 + 4394 x (1 + 30/100) + 4394 = P x (1 + 30/100)3 7425.86 + 5712.2 + 4394 = 2197P/1000 17532.06 = 2197P/1000 P = Rs 7980
Extension teaching methods according to their use
Which of the following is used to calculate the yield in maize crop?
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