find the amount in the following cases principal is equal to rupees 3500 time is equal to 2 years and interest rate is equal to 8%
Answers
Answered by
4
Answer:
Time = (100 × Interest)/(Principal × Rate)
Therefore, Time (T) = 10 years.
Step-by-step explanation:
interest = Rs 54, principal = Rs 450 and time = 3 years. ... interest rate p.a. for 4 years is equal to that on Rs 625 when invested for 8 ...
Answered by
33
Answer:
Amount = 4060
Step-by-step explanation:
Principal (P) = ₹3500
Time (T) = 2yrs
Rate (R) = 8%
SI = P×R×T/100
= ( 3500 × 8 × 2 )/100
= ₹560
Now,
Amount = P + SI
= 3500 + 560
= ₹ 4060 Ans...
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