What sum invested for 1 year of rate of 8% p.a. will amount to 2,20,80

1.	What sum invested for 1 year of rate of 8% p.a. will amount to 2,20,808?
Answer» EXPLANATION: et sum be s we know that amount = sum + INTEREST interest = sum * RATE of interest * time ( in years ) = s * 2/100 * 2 = s/25 => s + s/25 = 20808 => ( 25S + s ) / 25 = 20808 => 25s + s = 20808 * 25 = 520200 => 26s = 520200 => s = 520200 / 26 = 20007.69

What sum invested for 1 year of rate of 8% p.a. will amount to 2,20,808?

Answer»

EXPLANATION:

et sum be s

we know that amount = sum + INTEREST

interest = sum * RATE of interest * time ( in years )

= s * 2/100 * 2

= s/25

=> s + s/25 = 20808

=> ( 25S + s ) / 25 = 20808

=> 25s + s = 20808 * 25 = 520200

=> 26s = 520200

=> s = 520200 / 26

= 20007.69

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What sum invested for 1 year of rate of 8% p.a. will amount to 2,20,808?​

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What sum invested for 1 year of rate of 8% p.a. will amount to 2,20,808?