the simple interest on a certain sum for 2 years at 8% per annum is 4800 find the sum
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Answered by
4
If Rs. 4000 is invested at 8% p.a. simple interest for 5 years, find the interest.
Sol: simple interest formula: 4000 × 8 × 5/100 = Rs. 1600
Answered by
15
Step-by-step explanation:
I =PRT
100
4800= Sum*8*2/100
sum=4800*100
8*2
sum= ₹30,000
HENCE THE SUM WAS EQUAL TO ₹30,000
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