Question

A sum of money at the rate of simple interest becomes 2900 in 8 years, what is the rate of annual interest.​

Answer 1

Step-by-step explanation:

Interest for 8 years = 400 Rs. From equation (I), Principal = (2900 – 400) = 2500 Rs. Hence option [A] is correct answer.

Answer 2

Step-by-step explanation:

intrest for 8 years -400rs from equation (I) principal =(2900-400)= 2500Rs hence option A is correct answer