Question

What sum of money will amount to
1400 at 8 % per annum simple interest
in 3 years?
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Answer 1

Answer:

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Answer 2

Answer:

Step-by-step explanation:

The formula for amount in simple interest is:

Where,

p is principal

r is rate of interest

t is number of years

From given,

A = 1400

t = 5 years

r = 8 %

p = ?

Substituting the values we get,

Thus principal is Rs 1000