a sum of money invested at 20% per annum simple interest amount to ₹700 in 2years.what will it amount to in 2and a half year at 18% per annum simple intrest
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Answer:
Correct option is
B
12958
SI=
100
P×r×t
12122=
100
P×8×2
12122=
100
P×116
P=Rs.10,450.
Now, for t=2
3
2
,r=9%
SI=
100
P×r×t
SI=
100
10450×9×(8/3)
=2058
Amount P+SI=10450+2058=Rs.12,958.
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