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
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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✔️
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