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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?
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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.
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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?
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