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
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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
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