Question

4. A sum of money invested at 8% per annum for simple interest amounts to Rs.9200 in
2 years. What will it amounts to in 2years 8 months at 9% rate of interest?​

Answer 1

Answer:

SI = P × r × t100 12122 = P × 8 × 2100 12122 = P × 116100 P = Rs.10,450 .Now, for t = 2 23, r = 9% SI = P × r × t100 SI = 10450 × 9 × (8/3)100 ...