What sum of money will amount to ₹ 700 in 5 years at 8% p.a.
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Answer:
980 Rs
Step-by-step explanation:
- Simple Interest =p multiplied to R multiplied to T, whole divided by 100
- p, principle =700
- R=8%
- T=5yrs
after solving this we would get 280 but according to the question sum of money is asked so Rs 700 +Rs 280 =980 is the final answer
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