Question

If a money becomes ₹ 1950 in 6 years at the rate of 5% per annum, how much ₹ will it become in 8 years?​

Answer 1

Answer:

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Answer 2

let p= principal amount

principal amount + interest = total amount

p + (p×n×r)/100 = 1950

here n=6 , r= 5%

take p common and find value of p

p ( 1 + (6×5)/100) = 1950

p = 1950× 10/13

p = 1500 Rs

amount after 8 years

principal amount + 8 year interest

= 1500 + (p×n×r)/100

= 1500 + (1500×8×5)/100

= 2100 Rs