find the principal that we your interest 280 at 5% per annum in 8 years
nikita12354:
simple interest or compound??
Answers
Answered by
5
Answer:
Step-by-step explanation:
Interest=280
Rate=5%
Time=8years
Now
Pricipal=Interest×100/Time×Rate
=280×100/5×8
=700
Answered by
2
Simple interest = P * R * T/100
280 ➡ P * 5 * 8/100
280 * 100/40 = P
700 = P
therefore principal is ₹700
280 ➡ P * 5 * 8/100
280 * 100/40 = P
700 = P
therefore principal is ₹700
Similar questions