What sum of money will amount to 1400 at 8 % per annum simple interestin 3 years? About the author Eva
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 Reply
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
Answer:
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