A certain amount becomes rupees 8325 in 4 yrs at the rate of 5.5% p.a. find the interest.
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Answer:
amount =8325
time= 4 yr
Rate= 5.5%
amount = principal + simple interest
principal = amount - simple interest
Simple interest = (PRT)/100
principal = ((SI * 100)/RT
principal=principal
Let the SI be x
so; amount-SI=(SI*100)/RT
8325-x=(x*100)/5.5*4
x=91575/61
answer: SI= 91575/61
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