A sum amounts to Rs. 5450 at 2 1/4 simple interest per annum after 4 years. Find
the sum.
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Answer:
22,290.50
Step-by-step:
21/4 = 2.25
Multiplier = 100 + 2.25 = 1.0225
5450 x 1.0225 = 5572.625
5572.625 x 4 = 22,290.50
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