Question

a sum of money invested at 8% per annum simple interest amounts to rupees 12122 in in two years what will it amounts to in two years 8 months at 9% rate of interest?​

Answer 1

Answer:

Rs.11077

Step-by-step explanation:

Given:

Amount = Rs 12122

Time period, t = 2 years

Rate of interest, r = 8%

Amount = Principal + Interest

$Amount=P + \frac{PTR}{100}$

$12122=\frac{P(100 + 16)}{100}$

$P = Rs.10450$

8 months = 2/3 year

Interest = 9% pa

Principal = Rs.10450

$Amount = Principal + Interest$

$Amount = 10450 + \frac{10450*2*9}{300}$

$Amount=10450+627$

$Amount = Rs.11077$

Rs.10450 in 8 months with 9% interest will amount to Rs.11077

Answer 2

Answer:

₹11077 is the answer

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