Question

(ii) Rs.648 for 8 months at 16 % p.a​

Answer 1

Answer:

16% per annum = 16/12=1.33

Rs 648 for 8 months,

monthly interest at Rs 1.33

for 8 months the amount will be Rs 648×1.33 = Rs 861.84

Answer 2

Answer:

p= Rs.648

r=16℅

t=8 /12=2/4=1/2yrs

S.I=P×R×T/100

=648×16×(1/2)/100

=324×16×(1/2)/50

=162×16×1/50

= 2592/50

=518.4

A=P+S.I

= 648+518.4

=1166.40