A sum invested at 5% simple interest p.a. grows to Rs.504 in 4yrs. The same amount at 10% simple interest p.a. in 21/2 yrs will grow to:

Question

A sum invested at 5% simple interest p.a. grows to Rs.504 in 4yrs. The same amount at 10% simple interest p.a. in 21/2 yrs will grow to:
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Solution 1

To find the amount that will grow to in 2.5 years at 10% simple interest, we can use the formula:

A = P(1 + rt)

Where: A = Final amount P = Principal amount (initial investment) r = Interest rate per year t = Time in years

Given that the principal amount is the same in both cases, we can set up t Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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