a person lent certain sum of money at 5% per annum simple interest in 15 year the interest amounted to Rs 250less then the sum lent. what was the sum lent (in Rs)?
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Answer:
principal=?
rate of interest=5%
time=15 year
interest= prt/100
therefore,
p×5×15 =250
100
p= 250×100
5×15
=333.33 rupees
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