Question

if a person invested 4000 in a society which period simple interest at rupees 7% per annum after 2 years the rate was increased to 7.6. Find the amount he received at the end of 7 years

Answer 1

S. I =(P. T. R) /100
S. I=(4000 *2*7)/100+(4000*5*7.6)/100
=40(14+38)=40(52)=2080