A sum of money invested at 8 % p.a amount to Rs. 12122 in 2 years. What will it amount to in 2 years at
the same rate?
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Answered by
0
Answer:
Answer:
The amount would be 12,958.
Answered by
0
Answer:
Amount = 14,061.52
Step-by-step explanation:
Principal amount = Rs. 12,122
Rate = 8%
Time = 2 years
* Thus ,we have to find Simple Interest .
Simple Interest = P × R ×T /100
Simple Interest = 12,122 × 8 × 2 / 100
After calculating ,
Simple Interest = Rs. 1939.52
* Now , calculate amount .
Amount = Principle amount + Simple Interest
Amount = Rs. ( 1939.52 + 12,122)
Amount = Rs. 14,061.52
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