Question

A sum of money invested at the rate of 8% p.a. for a certain period of time yields ₹ 480 as interest. If the period of investment were 3 years more, the interest would have been ₹ 1200. Find the sum of money.

Answer 1

Answer:

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Step-by-step explanation:

sum of money invested on yeilds = 8%

intrest = 480

percntage = 8

after 3 years = 1200

total money is = 8/1200

      = 6809