Question

solve A=1,245,859;r=8%per year;t=30 years

Answer 1

Step-by-step explanation:

If the interest is simple interest

Then, A = P + SI

$or \: a \: = p + \: \frac{prt}{100}$

$or \: 1245859 = p(1 + \frac{8 \times 30}{100} )$

$or \: 1245859 = p(1 + \frac{4 \times 3}{5} )$

$or \: 1245859 = p( \frac{5 + 12}{5} )$

$or \: p = 1245859 \times \frac{5}{17}$

$or \: p = \frac{6229295}{17}$

Or, P = Rs. 366,429.12 (approx. )