Question

Simple interest =448. Time = 8months Rate (R)(p.a) = 8℅. principal = ?

Answer 1

I = PTR/100
448 = ( P × 8/12 × 8) ÷ 100
44800 = P × 8/12 ×8
P = (44800 ×12)÷(8 ×8)
P = 700 × 12
P = 8400
rate is given per annum(year). So, time should be taken in terms of years. i.e., time = 8/12

Answer 2

this is the answer.700