Question

A sum of money invested at 8%per annum for simple interest amounts to Rs12122 in2 years .what will it amount to in 2years 8mounths at rate of 9%rate of interest?​

Answer 1

Answer:

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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