A bank charges £28 simple interest on a sum of money which is borrowed for four months. Given that the rate of interest is 15% per annum, calculate the sum of money. (J81/2/2a)

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04-09-2022
Mathematics

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A bank charges £28 simple interest on a sum of money which is borrowed for four months. Given that the rate of interest is 15% per annum, calculate the sum of money. (J81/2/2a)

Sagot :

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A bank charges £28 simple interest on a sum of money which is borrowed for four months. Given that the rate of interest is 15% per annum, calculate the sum of money. (J81/2/2a)​

Sagot :

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A bank charges £28 simple interest on a sum of money which is borrowed for four months. Given that the rate of interest is 15% per annum, calculate the sum of money. (J81/2/2a)