Question

vendor borrows a certain amount of money at 8% simple interest for 3 months​

Answer 1

Answer:

1240

Step-by-step explanation:

assumption = principal = 100

si = p×r×t/100

1000×8×3/100 = 240

amount=si + p

1000+240 = 1240

Answer 2

Answer:

P=(Reference)10000

A=P(1+R/100)power n

A=10000(1+8/100)power 1/4

do cancelation

A=10000×27/25

=400×27=10800

= now we find the root 4 of 10800

= answer is 10.1942654691

Step-by-step explanation:

I hope it helps