Question

how much should i deposit in a bank so that after 2 years at the rate of 8% annual,I should get rupees 128 as interest

Answer 1

Answer: You have to deposit Rs. 800 so that after 2 years at the rate of 8% annual,you should get rupees 128 as interest.

Step-by-step explanation:

rate= 8%

time = 2 years

interest = 128

so,

interest = PTR/100

or, 128 = (P*2*8)/100

or. 128 = 16P/100

or, 16P = 12800

or, P = 12800/16

so, P = Rs. 800

Answer 2

Step-by-step explanation:

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