The sum which amounts to Rs. $364.80$ in $8$ years at $3.5 %$ simple interest per annum is

Rs.

285

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Rs.

280

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Rs.

275

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Rs.

270

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Solution

The correct option is A Rs. $285$
given, $R = 3.5 %, n = 8$ years
According to question, we have
$P + \frac{P \times 3.5 \times 8}{100} = 364.80$
$\Rightarrow P + 0.28 P = 364.80$
$\Rightarrow 1.28 P = 364.80$
$\Rightarrow P = \frac{364.80}{1.28} =$ Rs. $285$

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The sum which amounts to Rs. 364.80 in 8 years at 3.5% simple interest per annum is

The correct option is A Rs. 285given, R=3.5%,n=8 yearsAccording to question, we haveP+P×3.5×8100=364.80⇒P+0.28 P=364.80⇒1.28P=364.80⇒P=364.801.28= Rs. 285

The sum which amounts to Rs. $364.80$ in $8$ years at $3.5 %$ simple interest per annum is

The correct option is A Rs. $285$
given, $R = 3.5 %, n = 8$ years
According to question, we have
$P + \frac{P \times 3.5 \times 8}{100} = 364.80$
$\Rightarrow P + 0.28 P = 364.80$
$\Rightarrow 1.28 P = 364.80$
$\Rightarrow P = \frac{364.80}{1.28} =$ Rs. $285$