The certain sum amounts to Rs 9,982.50 in 2 and half years at 12% p.a., interest compounded 10-monthly. The sum (in Rs) is:
The certain sum amounts to Rs 9,982.50 in $ 2\frac12$ years at 12% p.a., interest compounded 10-monthly. The sum (in Rs) is: Options a) 8500b) 7800c) 8000d) 7500 Solution As per question Interest rate per year = 12%Interest rate to 10 months = $ \frac {10 \times 12}{12}$ = 10%Time = $ 2 \frac12y$ = 30 months […]