Question

what sum of money will accumulate to Rs 5,300 at 8% simple interest in 9 months?

Answer 1

Answer:

5000rs

Step-by-step explanation:

The sum of money is : 5000

Explanation:

time=9/12 years

On taking the time and putting into the formula,

intrest =principle *time*rate/100

intrest =principle *(9/12)*8/100

=6p/100.

On putting the principle in to the formula,

Amount = principle + intrest.

=> principle+intrest = 5300

=> principle+6p/100 = 5300

=> 106p = 530000

p=5000

The answer is 5000rs.

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