A sum of money amounts to R2 240,00 in two years and R2 600,00 in 5 years at a simple interest , what is the principle amount?
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Answer:
484000
Step-by-step explanation:
The amount of one year = 224000
The amount of two year = 260000
the amount of five year= 484000
224000
+ 260000
-----------------
484000
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