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- A man lent a sum of money at the rate of simple interest of 4%.
Question 1:
A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal is A. Rs 500
Feedback Rate = 4%
Time = 8 years
Simple Interest = PTR/100
= 32P/100
Given, P –32P/100 = 34068
P = 34000
P = 500
Time = 8 years
Simple Interest = PTR/100
= 32P/100
Given, P –32P/100 = 34068
P = 34000
P = 500
B. Rs 520
C. Rs 540
D. Rs 560
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