Question

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?

Answer 1

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