bodhkumariphuyal
bodhkumariphuyal bodhkumariphuyal
  • 08-08-2021
  • Mathematics
contestada

600 becomes 720 in 2 years when the interest is simple if the rate of interest is increased by 2% then what will be the total amount.​

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redbudtree84 redbudtree84
  • 08-08-2021

Hi

So:   720 -600 = 120

120 for two years makes   120/2 = 60 in a year .  

60 from 600 is   600/60 = 10  

Interest is  10 %  

If interest in 2% more, then it's 12%.  

I'm sure you can count 12% simple interest for two years, so I let you try.  

good luck.

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