Q3 of 30 Page 130

A wholesale trader sold Rs 20 crore worth of cloth this year. If the sale of cloth increases at a rate of 2% per year, how much will the sale be after three years?

Given: Principal (P) = Initial sale of cloth = Rs. 20,00,000,00, Rate of Interest (R) =increase in sale = 2% and Number of years (n) = 3year

As Amount (A) = Population after two years:






⇒ A = 21,22,41,600


Sale of cloth after 3 years will be = 21,22,41,600


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