3. What sum of money will yield an interest of
4137 in 6 years at the rate of 7% p.a.?
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Answer:
S.I=Rs.1155
Rate(R)=11%p.a.
Time(T)=3years6months
=3
2
1
=
2
7
years
∴Principal=
R×T
S.I.×100
=
11×7
1155×100×2
=Rs.3000
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