A person lent a certain sum of money at 4% simple interest and in 8 years the interest amount to Rs340 less than the sum lent find the sum lent
Answers
Answered by
31
Let assume lent sum=x
Si=x-340
Si =prt/100
X-340=4*x*8/100
X-340= 8x/25
8x=25x-8500
25x-8x=8500
17x=8500
X=8500/17
X=500
Si=x-340
Si =prt/100
X-340=4*x*8/100
X-340= 8x/25
8x=25x-8500
25x-8x=8500
17x=8500
X=8500/17
X=500
Answered by
13
The sum is 500
Step-by-step explanation:
Let the sum be x
We are given that interest earned is Rs340 less than the sum lent
Interest = x-340
Time = 8 years
Rate of interest = 4%
Formula :
Hence The sum is 500
#Learn more:
A person lent a certain sum of money at 4% simple interest and in 8 years the interest amount to Rs340 less than the sum lent find the sum lent
https://brainly.in/question/11462696
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