radha lent a certain sum of money at 4% per annum and in 8 years thw interest amounted to rs 340 less than the sum lent.find the sum she lent.
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Answer:
500
Step-by-step explanation:
Given Radha lent a certain sum of money at 4% per annum and in 8 years the interest amounted to rs 340 less than the sum lent, to find the sum she lent.
Let the sum be x, then amount is Rs 340 less so it will be x - 340.
We have t = 8 yrs , r = 4%
We know that SI = P x R x T /100
x - 340 = x x 4 x 8 / 100
x - 340 = 32 x / 100
x = 32 x / 100 + 340
100 x = 34,000 + 32 x
68 x = 34,000
x = 34,000 / 68
x = rs 500
So Radha lent a sum of rs 500
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