Question

A sum of money invested at 20% per annum simple interest amounts to rs 650 in 1(12) years . what will it in 2years at 12% per annum simple interest?

Answer 1

Answer:

780

Step-by-step explanation:

sum would be 1500 and 1750 so that

20% of 1500 = 300

20% of 1750 = 350 total 650

then for 2 years at 12 % of 1500 & 1750 will be 360 & 420 total sum of interest will be 780