Question

A sum of money invested at 8% per annum for simple interest amounts to 12122 in 2years what will it amounts to in 2years 8months at 9% rate of intrtest

Answer 1

Let p be x
SI = (p*r*t) /100
12122 =( x*8*2)/100
X=Rs 75762.2
New SI =(75762.2*9*8)/100*3
= Rs 18182.928
Amount = 18182.928+75762.2=Rs 93945.128