mr mehta borrowed a sum of money at 8% per annum if he paid 640 as interest after 5 years 3 months find the sum borrowed by him
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3
Answer:
The sum borrowed is P = 1500Rs.
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0
Answer:
Here your answer goes
Step :- 1
Rate = 8%
Time taken = 5 years 4 month
4 months can be written as 4/12
==> 1/3
==> 0.33
So , 5 years 4 months is equivalent to 5.33
Step :- 2
S I = P * R * T /100
==>> 640 = P * 8 * 5.33 / 100
===>> P =
===> P = 96060.03
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Together we go far
Step-by-step explanation:
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