A certain sum of money was deposited for 5 years and 4 months at 4.5% simple interest and
amounted to Rs. 248. Then the value is
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The time period for the deposit is given as 5 years and 4 months. And the Simple Interest obtained is given as Rs 248. Hence the total time period in years T=5+13=163years . Hence the principal sum of money deposited is equal to Rs 200.
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