find the amount when rs 740 is invested for 8 years at 5%p.a.
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Heya,
According to the question,
P = ₹740
R = 5% per annum
T = 8 years
So, By applying formula i.e.
Interest = P×R×T/100
= 740×5×8/100
= 29600/100
= 296
Amount = Principal amount + Interest
= 740 + 296
= ₹1036. ..... Answer
Hope this helps....:)
According to the question,
P = ₹740
R = 5% per annum
T = 8 years
So, By applying formula i.e.
Interest = P×R×T/100
= 740×5×8/100
= 29600/100
= 296
Amount = Principal amount + Interest
= 740 + 296
= ₹1036. ..... Answer
Hope this helps....:)
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