13. What sum of money lent at 12% per annum will produce the same interest in 4 years as 8560
produces in 5 years at 12% per annum?
Answers
Answered by
5
Answer:
10812.5
Step-by-step explanation:
p(12)(4)/100 = 8650(12)(5)/100
48p = 60*8650
p = 86500/8
= 10812.5
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