A person lent a certain sum of money at 8% simple interest, and in 8 years the interest amounted to rs 612 less than the sum lent. Find the sum lent.
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0
Answer:
Step-by-step explanation:
Use simple interest formula
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3
Step-by-step explanation:
let the sum lent be x
S.I. = X - 612
S.I. = X 8 8 /100
X-612 = x *64 / 100
X- X*64/100 =612
100X-64X /100 =612
36 X / 100 =612
X=612 *100 / 36
X=1700
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