Question

Jack wants to earn Rs.5000 annually as an interest. How much should he invest if the

bank offers an annual interest of 8%?​

Answer 1

Answer:

5000×100/8=62500 For 1 yr

Answer 2

Answer:

RS. 62500

Step-by-step explanation:

Given:-

P=?

P=?R=8%

P=?R=8%T=1 year

P=?R=8%T=1 yearInterest=Rs5000

SI=PRT/100

5000=P×8×1/100

5000×100=P×8

500000=P×8

P=500000/8

P=62500

Therefore, Jack has to pay Rs. 62500 to bank to earn Rs. 5000 annually as an interest.