Question

a sum of invested at 8%per Annum amount to rupees 12122 in 2 years what will it amount to in two years eight month at the same rate please answer urgently

Answer 1

We know that A = P(1+TR/100)

                   12122 = P(1+2 * 8/100)

                  12122 = P(1+16/100)

                  12122 = P(116/100)

                  P = 12122 * 100/116

                     = 10450.

P = 10450, R = 8%, T = 2 years 8 months = 8/3 years

A = P(1+TR/100)

   = 10450(1+8/3 * 8/100)

   = 10450(364/300)

   = 12679.3


Hope this helps!