Question

equal to 3500 time equal to 8 months

Answer 1

here, formula., PTR/
principal=3500
time taken=8 months
Rate=8%

3500*8*8%/100=2140

Answer 2

Answer:

In the below solution,

P = Principal

A = Amount

I = Interest

Step-by-step explanation:

$I \: = \frac{3500 \times 8 \times 8}{100 \times 12} \\ \\ I = \frac{35 \cancel{00} \times \cancel 8_{ \: 2}\times 8}{1 \cancel{ 00} \times \cancel{12}_{ \: 3}} \\ \\ I = \frac{35 \times 2 \times 8}{3} \\ \\ I = \frac{560}{3} \\ \\ I = \underline { \underline{186.67}} \\ \\ \\ A = P + I \\ \\ A = 3500 + 186.67 \\ \\ A = \underline{ \underline{ 3686.67}}$