Question

sum of money invested at 9% amounts to 236000 in 2 years what will be the amount in 5 years at 8%

Answer 1

Answer :-

Given - r = 9% p.a

Amount = ₹ 2360000

Time = 2 yrs

We know, A = P + I

:. A = P + P×r×t / 100

2360000 = P + P × 9 × 2 / 100

2360000 × 100 = P + 18P

236000000 / 19 = P

:. P = 12,421,052.6

To find :- Amount

when, P = 12,421,052.6

Time = 5

r = 8 % p.a

I = P×r×t / 100

I = 12,421,052.6 × 5 × 8 / 100

I = 4,968,421.04

A = P + I

A = 12,421,052.6 + 4,968,421.04

:. A = 17,389,473.6 ...Ans

Hope it helps!

Plz mark my answer as brainliest..