A certain sum of money was deposited for 5 years.s imple interest at the rate of 12% was paid. calculate the sum deposited if the simple interest received by depositer is rs1200?
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12×5=60%=1200
1%=1200/60=20
100%=20×100=2000 principal
1%=1200/60=20
100%=20×100=2000 principal
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