ICSE Class 7 Answered
find the sum which will amount to rs 700 in five years at 8%pa
Asked by shirdhankarc | 19 Jan, 2019, 19:12: PM
Considering simple interest
A = Rs. 700, n = 5 years, r = 8% p.a.
SI = 700 - P
700 - P = ![begin mathsize 16px style straight P cross times straight n cross times straight r over 100 end style](https://images.topperlearning.com/topper/tinymce/cache/28cfa94d28432913271f08fa35950d14.png)
![begin mathsize 16px style straight P cross times straight n cross times straight r over 100 end style](https://images.topperlearning.com/topper/tinymce/cache/28cfa94d28432913271f08fa35950d14.png)
![begin mathsize 16px style straight P cross times 5 cross times 8 over 100 equals 700 minus straight P
0.40 straight P equals 700 minus straight P
1.40 straight P equals 700
straight P space equals space Rs. space 500
end style](https://images.topperlearning.com/topper/tinymce/cache/574b5c30d88081530db633ae0e08e2dc.png)
Answered by Sneha shidid | 21 Jan, 2019, 12:48: PM
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