Mr mehta borrowed a sum of money at 8 per annum if he paid rupees 640 as interest after 5 years 4 month, find the sum borrowed by him
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Answered by
43
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
→→→ Be Brainly
Together we go far
FuturePoet:
Hope it is helpful to you !
Answered by
93
hope it will help u !!!!!!!!
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