A saving account opened 3 months ago now has a balance of rs.2040.if the banknpay 8% simple interest, how much money was deposited?
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Answer:
T=3months ,R=8 ,I=2040 ,P=?
Step-by-step explanation:
I=PTR/100 ,2040=P×1×8/4×100 ,2040×400/8=P ,P=102000
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