Question

The price of gold was $400 per 8 grams in the month of June 2000. It lost its value at a rate of 6% per month. Find the cost of the 8 grams gold in the month of December 2000.

Answer 1

Answer:

the answer is:-₹313

Step-by-step explanation:

by using formula {p(1+r/100)^t} - p

where

p is principle

r is rate of interest

t is time

Answer 2

Answer:

The cost of 8 grams gold will be $256 in the month of December 2020