Jack wants to earn Rs.5000 annually as an interest. How much should he invest if the
bank offers an annual interest of 8%?
Answers
Answered by
0
Answer:
5000×100/8=62500 For 1 yr
Answered by
0
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.
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