At a simple interest rs 900 becomes 1060 in 4 years.If the rate of interest is increased by 2%,how much 900 becomes in 5 years by 2%
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Answered by
8
Step-by-step explanation:
Amount = P + SI
1060 = 900 + SI
SI = 160
SI = PRT/100
160 = 900 × R × 4 /100
R= 160 / 36 = 4.44
Rate increased by 2% so
new rate = 6.44%
SI = 900 × 6.44 × 5/100
= 290
new amount = 900+290= 1190
Answered by
0
Answer:
1190
Step-by-step explanation:
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