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.

Respuesta :

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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