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Dennis_Churaev
21 day ago
14

If rs 500 amounts to Rs 725 at 9% simple interest in sometime ,what will Rs 600amount to at 11% in same time?

Mathematics
1 answer:
AnnZ [9.1K]21 day ago
6 0

Answer:

Rs\ 930

Step-by-step explanation:

The formula for calculating simple interest is

A=P(1+rt)

Here,

A refers to the Total Amount of Investment

P denotes the Initial Investment

r indicates the interest rate 

t represents the duration in time periods

step 1

Determine the duration t

For this scenario, we have

t=?\ years\\ P=Rs\ 500\\ A=Rs\ 725\\r=0.09

Plugging into the formula above and solving for t

725=500(1+0.09t)

t=[(725/500)-1]/0.09

t=5\ years

step 2

What will Rs 600 grow to at 11% over the same duration?

We have

t=5\ years\\ P=Rs\ 600\\ A=?\\r=0.11

Insert into the formula

A=600(1+0.11*5)

A=600(1.55)

A=Rs\ 930

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