A sum when reckoned at 15/2% per annum amounts to Rs 3920 in 3 years. Find the sum
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A= 3920
T= 3
R= 15/2%
Let the P be 100
(100×3×15) / (100×2)=22.5
A=(100+22.5)=122.5
If A=122.5, P=100
If A=3920 , P= (100/122.5)×3920
=3200
The principal is 3200.
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