Question

A sum of money invested at 8% per annum for simple intrest amounts to 12122 in 2 years . What will it amounts to in 2year 8months at 9% rate of intrest

Answer 1

Answer:

Ans = 18183✔️

Step-by-step explanation:

12122 = 2 years interest

Than,

6061 = 1 years interest

Therefore,

= 6061 × 100

8

= 75762.5 (Total Investment)

Now,

9% of 75762.5

= 75762.5 × 9%

=6818.625 (for 1 Year)

Than,

1 + 1 = 2 Years

6818.625 × 2 = 2 Years

13637.25 = 2 Year's Interest as per 9 %

Now, 8 month's Interest.

= 6818.625 × 8/12

= 4545.75

Therefore, Interest In 2 YEARS 8 Months is...

= 2 years + 8 Months

= 13637.25 + 4545.75

=18183✔️