If Rs. 8000 is the principal amount, rate of interest is 5% and interest
is Rs. 800. Find the time period and total amount
7th class quetion
please give right answer
then i will mark you as brain list
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Answer:
Time for the investment is 2 years and amount is ₹ 8800
Step-by-step explanation:
The values given are:
Principal, P = ₹ 8000
Rate, R = 5%
Interest, I = ₹ 800
To find: Time and Amount
Using the formula for Simple Interest
SI = PRT/100
T = I x 100/PR
T = (800x100)/(8000x5) = 2 years
Thus, the time period for the investment is 2 years.
For finding amount, we can add interest with principal
A = P + I = ₹ 8000 + ₹ 800 = ₹ 8800
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