A certain sum of money Q was deposited for 5 years 4 months at 4.5% simple interest and amounted to ₹248 then the value of Q is
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Step-by-step explanation:
that,
Sum of money
=
Q
Time=
5
years and
4
months
=
64
months
Rate of interest
=
4.5
per anum
Or
4.5
12
per month
Now S.I. =
Q
×
4.5
12
×
64
100
Given, amount =248 r.s.
Hence,
S.I.+Q=248
Q
×
4.5
12
×
64
100
+
Q
=
248
Q
(
288
1200
+
1
)
=
248
Q
×
1.24
=
248
Q
=
248
1.24
Q
=
200
r
.
s
Hence, this is the answer.
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