A sum of money invested at 8 per annum

=×(1+38×). Given r=8%, t=2 years. ⇒P= After 2 years 8 months, it will be. =×. ⇒=P(1+). =Rs. We know that A=P(1+1wrt). A sum of money invested at 8% per annum amounts to Rs in 2 years. Money can enrich our lives and put us into a position to enrich others. If we use our money smartly. Money is an essential aspect of life that we can’t take for granted in the society we live in today. What will it amounts to in 2 year 8 months at 9% rate of interest? A sum of money invested at 8% per annum for simple interest amounts to Rs in 2 years. What will it amount to in 2 years 8 months at 9% per annum Hard Solution Verified by Toppr Given r=8%, t=2 years We know that A=P(1+ 1wrt) ⇒=P(1+ ) ⇒P= After 2 years 8 months, it will be =×(1+ 38× ) =× =Rs Hence, the answer is A sum of money invested at 8% per annum amounts to Rs in 2 years. A sum of money invested at 8% per annum amounts to Rs in 2 years. A m o u n t = P r i n c i p a l + I n t e r e s t. = P + P R T = P + P R T = P ( + R T) = P ( + 8 × 2) = . Rate of interest, r = 8 %. A sum of money invested at 8% per annum for simple interest amounts to Rs in 2 years. What will it amounts to in 2 year 8 months at 9% rate of interest. Q. After all, stashing your hard-earned money in a normal bank account only yields a tiny amount of interest, at best. But when yo. You’ve probably heard that wise investing is the key to building wealth.

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