Find sum of which will amount to 700 in 5 years at 8% p.a
Answers
Answered by
10
let sum be x
then
x(1+8*5/100)=700
or x=70000/140
or x=500...........(ans)
then
x(1+8*5/100)=700
or x=70000/140
or x=500...........(ans)
Answered by
6
Amount=principle+Interest
I=ptr/100
700=P+I
700=P+(P*5*8)/100
from this we get p=500/- which is sum
Similar questions