Math, asked by alisasmith, 4 months ago

Simple interest

1) The interest on a sum in 8 years at the interest of 5% per annum is the same as the interest on Rs.500 for 4 years at the rate of 8% per annum. Find the sum.​

Answers

Answered by srenotanoob
1

Step-by-step explanation:

Interest for ₹500= PTR/ 100

= 500*4*8/100= ₹160

Interests for both sums are same

Interest = PTR/100

160= P*8*5/100

160*100= P*8*5

160*100= P*40

160*100/40= P

₹400= P

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