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Hi, I approached this problem as following: 600 = d x 2 x k/100 (Given and rephrasing in pnr) Let's say, to get an interest of 2400 after 3 years, the principal amount invested is P 2400 = P x 3 x k/100 Dividing this by 4(as our goal is equate to above equation) 600 = P/4 x 3 x k/100 = d x 2 x k/100...

by vinoo81

Sun Dec 31, 2017 10:40 pm
Forum: Problem Solving
Topic: Interest Rate Growth
Replies: 7
Views: 3442