Math, asked by shishodiakunal10, 7 days ago

On a certain sum the simple interest paid after 2 years is Rs. 1280 at 8% rate of interest per annum. Find the sum.

Answers

Answered by AllenGPhilip

5

Answer:

8,000

Step-by-step explanation:

Given:

Si = 1280

Time = 2 yrs

Rate of interest = 8%

Si = P × i × t

1280 = p × 0.16

0.16p = 1280

p = 1280 ÷ 0.16 = 8,000

Hence the sum is 8,000

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