Math, asked by gayathri6436, 5 months ago

On what sum of money will the simple
interest in 8 years at 12 1/2% be? 1560 ?

Answers

Answered by mrmukuldadheech786

0

Answer:

Step-by-step explanation:

Formula:

Simple interest = principle x time x rate /100

Where,

Simple interest(si) = 1560

Time = 8yrs

Rate = 12.5%

Principle(P) = ?

Put the values in given formula

1560 = P x 8 x 12.5 /100

156000 = P x 100

P = 1560

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