Question

Radha lent a certain sum of money at 4% per annum and in 8 years the interest amounted to ₹340 less than the sum lent .Find the sum she lent ?

Answer 1

Answer:

Step-by-step explanation:

RATE OF INTEREST=4/100P.A

TIME=8YEARS

SIMPLE INTEREST=340

PRICIPLE=?

SI=P*R*T/100

340=P*4*8/100

34000=P*32

P=34000/32

P=1062.5