Question

A sum of money
invested at 8% p. a
amount
to Rs 12180 in
will it amount
the
rate of interest
2
to in 7/2 years
same rate of interest​

Answer 1

Answer:

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.

Step-by-step explanation:

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