Priya invested rupees 8000 in the bank at the rate 5 p.c.p.a for certain years. She received rupees 800 as interest. For how many years had she invested her money?
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Answered by
1
Answer:
Given:
Principal (P) = 1500 rupees,
Rate of interest (R) = 9%
Time (T) = 2 years
Total interest (I) = P×R×T100
=1500×9×2100
= 270 rupees
Now, total amount = P + I
= 1500 + 270
= 1770 rupees
Hence, Rihanna will get the total amount of 1770 rupees
Step-by-step explanation:
Given:
Principal (P) = 1500 rupees,
Rate of interest (R) = 9%
Time (T) = 2 years
Total interest (I) = P×R×T100
=1500×9×2100
= 270 rupees
Now, total amount = P + I
= 1500 + 270
= 1770 rupees
Hence, Rihanna will get the total amount of 1770 rupees
Answered by
0
5 percent compounded per annum is equal to
= 5/100 * 8000 = 400
money recieved as an interest = 800
= number of years she had invested = 800/400 = 2 years
therefore she had invested 8000 rupees for 2 years
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