A sum of money invested at 8percent per annum amounts to rs.12122 in 2 years.What will it amount to in 2 years 8 months at 9 percent per annum?
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Answer:
Step-by-step explanation:
R=8%
A=12122rs
T=2 years
Let p=x rs
Then 12122-x=x*8*2/100
=>12122=4x/25+x
=>12122=29x/25
=>12122*25/29=x
=>418*25=x
=>10450=x
After 2year8month at 9%per annum
T=8/3year
R=9%
P=10450rs
I=10450*8*9/300
=10450*24/100
=250800/100
=2508rs
A=10450+2508=12958rs
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