Math, asked by ishakhurana2202, 1 month ago

Three years back, a sum of money was remitted in the bank at 12% p.a. simple interest . The accounts are now cleared. The bank paying a sum of 6800. The sum originally invested was?​

Answers

Answered by sweetboy43
0

Answer:

Answer

For the payment of Rs. 43,200 at the end of the first year :

A = Rs. 43200 ; n = 1 year and r = 8 % . To find P.

A=P

1

(1+

100

r

)

n

⇒43200=P

1

(1+

100

8

)

1

⇒P

1

=Rs.43200×

108

100

=Rs.40000

For the payment of Rs. 34,992 at the end of the second year :

Rs.34922=P

2

(1+

100

8

)

2

⇒P

2

=Rs.34922×(

108

100

)

2

⇒P

2

=34922×

108

100

×

108

100

=Rs.30000

∴ Sum borrowed = Rs. 40000 + Rs. 30000 = Rs. 70000

Step-by-step explanation:

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