Question

rupees 160 amount to rupees 166in 8 month find towards it will amount in one year at the same rate of interest

Answer 1

Answer:

In 8 months interest = 166 - 160 = 6Rs

So interest = 6/8 in 1 month

So in 12 months interest = (6/8)×12 = 9Rs

So the amount after 1 year = 160+9=169Rs

You can do it using simple interest formula also