Question

a sum of money invested at 8% per annum for simple interest amounts to rupees 2122 and 2 years what will it amount to in 2 years 8 months at 9% rate of interest​

Answer 1

Answer:

3183.39 answer is different for different calculations

Step-by-step explanation:

for 2 years sum of interest is 2122 then for one year it will be 1061 at 8% annum

then it would be 826.25 and 400 because of 8% of 8262.5 will be 661 and 8% of 5000 will be 400 total= 1061 then now for 2 year 8 month at 9%

2 year 8 month = 2 + (8÷12)= 2.667

9% of 8262.5 and 5000 for one year would be 743.625 and 450 respectively then sum is 1193.625 .

then for 2 year 8 month = 2.667 it will be

1193.625 * 2.667 = 3183.39