Question

2. If ₹160 amounts to 166 in 8 months, find to what it will amount in 1 year at the same rate of interest

Do it in the textbook and then send me the solution .​

Answer 1

Answer:

169

Step-by-step explanation:

I=[ptr]/100

I=6

T=8/12=2/3

P=160

by substituting these in the above formula, we get

R = 45/8

In the next step, take T=1( 1 year)

I = (160*1*45)/(8*100)

=169