if rupees 160 amount to rupees 166 in 8 month find to what it will amount in one year at the same rate of interest
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I think 169 will be the amount....
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Answered by
47
change in money = ₹166 – ₹160 = ₹6
time used = 8 months
ATQ,
IF in 8 months = ₹6
then, in 1 month = ₹6/8
change of money in one month = ₹3/4
now,
change of money in 1 years that is 12months = ₹(3/4) × 12 = ₹9
Hence, the money will become ₹169 in 12 months.
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