Question

A
sum of money put at 8% per annum amounts to ₹ 12122 in 2 years. What will it
amount to in 2 years and 8 months at the
same rate?​

Answer 1

Answer:

Given r=8%, t=2 years

We know that A=P(1+1wrt)

⇒12122=P(1+10016)

⇒P=10450

After 2 years 8 months, it will be

=10450×(1+38×1009)

=10450×100124

=Rs.12958.

Hence, the answer is 12958.

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