1. What sum lent out at 8% per annum produces the same simple interest in 9 months as 2000 lent out at 9% per
annum produces in 5/2
years?
Answers
Answered by
1
Answer:
625
Step-by-step explanation:
(P*8*9/12)/100 = (2000*9*5/2)/100
P = 1000*5/8 = 625
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