Question

what sum of money put a simple interest for two years at 8% will amount to 1276
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Answer 1

Answer:

Let the sum be p

Then p + prt = 1276.....(1)

t = 2, r=8% = 0.08

put these values in (1)

p + p × 0.08×2 = 1276

p(1 + 0.16) = 1276

1.16p = 1276

p = 1276÷1.16 = 1100 Ans