Question

aconte
Page
2017
1 Ajay deposits a fixed Sum every year for 7 year
Bank pays 8% pa simple interest. At the end
of 7 years the
amount he received is Rs 13860
find the sum deposited each
year.​

Answer 1

Answer:

8885

Step-by-step explanation:

13860=p(1+8%×7)

p=13860÷1.56

p=8885