Find the sum which amounts to ₹7234.50 at 6½% p.a. in 5 years at simple interest.
ANS-5,460
explain it please
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Answer:
given, R=3.5%,n=8 years
According to question, we have
P+
100
P×3.5×8
=364.80
⇒P+0.28 P=364.80
⇒1.28P=364.80
⇒P=
1.28
364.80
= Rs. 285
Step-by-step explanation:
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