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The interest on a certain amount of money at 8 % per year for a period of 4 years is Rs 512 . Find the sum of money. [ Calculator, Method and examples ]

Solution:
Your problem `->` The interest on a certain amount of money at 8 % per year for a period of 4 years is Rs 512 . Find the sum of money.


Here `SI = `Rs. `512, N = 4` years, `R = 8` %

`SI = (P*R*N)/100`

`P = (SI*100) / (R*N)`

`P = (512 * 100 ) / ( 8 * 4 ) = 1600`

The sum of money is Rs. `1600` .






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