A sum of money amounts to rupess 4480 at 6%simple interest per annum at the end of 2 years. Find the principal
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Answer:
4000
Step-by-step explanation:
Let the principle be x
Amount = 4480
Rate = 6
Time = 2 years
Amount = Principle + P×R×T/100
4480=x+x×6×2/100
448000=100x+12x
448000/112=x
4000=x
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