Question

a sum of money invested at 8% per annum amounts to ₹12122 in 2years . what will it amount to in 2years 8months at 9% per annum?​

Answer 1

First find the principal by the formula A=p(1+r/100)^n

12122=p(1+8/100)^2

10, 392.6=p

Now find the amount for the next 2 years and 8 months at 9%rate percent from the same formula using 10, 392.6 as the principal