A man invested Rs 1800 in a bank for one year to get a certain interest. If the same interest it to be obtained in 8 months at the same rate, what sum should be invested?
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a year has 12 month
therefore,1800÷12=150
therefore,if the man wants the same interests in 8 months
according to given condition,
150*8=1200
so rupees 1200 is the sum which is invested
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