What sum of money will yield an interest of Rs. 3600 in 6 years at the rate of 8% per annum
Answers
Answered by
4
Answer:
Sum of money= I×100÷R×T
=3600×100÷8×6
=360000÷48
=7500
Answered by
0
Principal = Simple Interest x100/ Rate x Time . Principal = 3600x100/8x6 Therefore Principal is rupees 7500
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