Question

What amount should Shrikant deposit in a bank to receive 2000<br />interest for 2 years at the rate of 8 p.c.p.a.?
1) 12.500
(2) 12.000
(3) 15.000
4) * 10,000​

Answer 1

Answer:

12500

full explanation

SI = PTR/100

2000 = P*2*8/100

P = 2000*100/2*8

P = 12500

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