Question

a sum of money invested at 8% per annum amounts to 12122 in 2 yrs. What will it amount in 2 yrs 8 months at 9% per annum​

Answer 1

Answer:

12958

Step-by-step explanation:

Given r=8%, t=2 years

We know that A=P(1+  

1w

rt

​

⇒12122=P(1+  

100]

16

​

 

⇒P=10450

After 2 years 8 months, it will be

=10450×(1+  

3

8

​

×  

100

9

​

)

=10450×  

100

124

​

 

=Rs.12958.

Hence, the answer is 1295

Answer 2

Answer:

Given r=8%, t=2 years

We know that A=P(1+ 1wrt )

⇒12122=P(1+ 10016 )

⇒P=10450

After 2 years 8 months, it will be

=10450×(1+38 ×1009 )=10450× 100124=Rs.12958.