9. Find the sum which will amount to 3 364.80 at 3% per annum in 8 years at simple interest.
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Answered by
3
Answer:given, R=3.5%,n=8 years
According to question, we have
P+
100
P×3.5×8
=364.80
⇒P+0.28 P=364.80
⇒1.28P=364.80
⇒P=
1.28
364.80
= Rs. 285
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1
Answer:
Exercise 8.6 9. Find the sum which will amount to Rupees 364.80 at 31by2 per annum in 8 years at simple interest Answer
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