Sham invested some money in a one-year fixed deposit account at 8% annual interest. After the completion of one year, he got Rs 2160. How much money did Sham invest?
Answers
Answered by
2
Answer:
2000
Step-by-step explanation:
if the interest is compounded annually
2160 = P (1 + 8/100)
P = 216000/108
P = 2000
Answered by
1
Answer:
2000
Step-by-step explanation:
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