Class 7 Exam > Class 7 Questions > A sum of money invested at 8% per annum amoun...
Start Learning for Free
A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum?
Most Upvoted Answer
A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years....
Given Information:
The principal amount = ₹2,12122
Rate of interest = 8%
Time = 2 years
Calculating the Amount after 2 years:
Using the formula for simple interest:
A = P(1 + rt)
Where:
A = Amount
P = Principal amount
r = Rate of interest
t = Time
Substitute the given values:
A = 212122(1 + 0.08*2)
A = 212122(1.16)
A = ₹2,46,107.52
Therefore, the amount after 2 years will be ₹2,46,107.52.
Calculating the Amount after 2 years and 8 months:
To find the amount after 2 years and 8 months, we need to convert 8 months into years:
8 months = 8/12 years = 2/3 years
Given:
New rate of interest = 9%
Time = 2 years + 2/3 years = 8/3 years
Using the same formula:
A = P(1 + rt)
Substitute the values:
A = 212122(1 + 0.09*(8/3))
A = 212122(1 + 0.24)
A = 212122(1.24)
A = ₹2,63,162.48
Therefore, the amount after 2 years and 8 months at 9% per annum will be ₹2,63,162.48.
Attention Class 7 Students!
To make sure you are not studying endlessly, EduRev has designed Class 7 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 7.
|
Explore Courses for Class 7 exam
|
|
Top Courses for Class 7View all
A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum?
Question Description
A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum?.
A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum?.
Solutions for A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum? in English & in Hindi are available as part of our courses for Class 7.
Download more important topics, notes, lectures and mock test series for Class 7 Exam by signing up for free.
Here you can find the meaning of A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum? defined & explained in the simplest way possible. Besides giving the explanation of
A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum?, a detailed solution for A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum? has been provided alongside types of A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum? theory, EduRev gives you an
ample number of questions to practice A sum of money invested at 8% per annum amounts ₹,2, 12122 in 2 years. What will it amount to in 2 years, 8 months at 9% per annum? tests, examples and also practice Class 7 tests.
|
|
Explore Courses for Class 7 exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup