Question

A sum of money becomes Rs. 33000 in 4 years at a rate of 8% per annum simple interest. What will it amount to in 5 years at a rate of 7% per annum? *

REPLY ASAP ​

Answer 1

Answer:

Let P be the principal.

33000=P+P(8/100)×4=P(1+0.32)=P×1.32

P=33000/1.32

Amount in 5 years=P+P(7/100)×5=P×1.35

=(33000/1.32)×1.35=33750

Answer 2

Answer:

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