Question

9. Find the sum which will amount to 364.80 at 3 1/2% per annum in 8 years at simple interest.​

Answer 1

Answer:

given, R=3.5%,n=8 years

According to question, we have

$= P + \frac{P * 3.5 * 8 }{100} = 364.80\\ = P + 0.28 P = 364.80\\ = 1.28 P = 364.80\\ = P = \frac{364.80}{1.28} \\ = P = Rs. 285$

Step-by-step explanation: