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

By Eva

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

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Eva

2 thoughts on “What sum of money will amount to <br />1400 at 8 % per annum simple interest<br />in 3 years?<br />​”

  1. 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

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