Question

What sum of money will accumulate to rs.5300 at 8 interest in 9 months?

Answer 1

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Answer 2

Let the principle be y

then :

y+[y×r×t}÷{4×100}=5300

y₊{yˣ8ˣ9}/{100×4}=5300

50y+3y=5300×50

53Y=26500

Y=5000

Therefore,the total amount will be rs5000