Question
A sum fetched a total simple interest of Rs. 929.20 at the rate of 8 p.c.p.a. in 5 years. What is the sum?
A sum fetched a total simple interest of Rs. 929.20 at the rate of 8 p.c.p.a. in 5 years. What is the sum?
Answer: Option A
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Answer : Option A
Explanation :
SI = Rs.929.20
P = ?
T = 5 years
R = 8%
$MF#%\text{P = }\dfrac{100 \times \text{SI}}{\text{RT}}=\dfrac{100 \times 929.20}{8 \times 5}\text{ = Rs.2323}$MF#%
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