Question

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.​

Answer 1

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.