A Sum of money is invested at 12 1/2 % p.a for 6 years. If the amount received is 8400. Find the sum
a) 4000 b) 4800 c) 3600 d) 3200
Answers
Answered by
1
Answer:
b) 4800
Explanation:
Given,
A Sum of money is invested at 12 1/2 % p.a for 6 years. If the amount received is 8400.
we know Amount=SI+P
here amount=8400
Rate=12.5
Time=6
8400=P*T*R/100+P
8400=P(T*R/100+1)
8400=P(12.5*6/100+1)
8400=P(35/20)
P=4800
Similar questions