Question

if rupees 160 rupees amount to rupees 166 in 8 months find what it will amount in 1 years at the same rate of interest.

Answer 1

see, in one month the amount increases with 0.75paisa and in 8 months it will be 6 rupees it mean 166 rupees and now we will 0.75 multiplying to 12 . it is equal to 9 rupees and now the total amount is 169 rupees.

Answer 2

after 1 year amount = principal +interest
=160+9
=Rs 169