A sum when reckoned at 7% per annum amounts to Rs. 3920 in 3 years. Find the sum.
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Answer:
Step-by-step explanation:
Given r=7.5% ,t= 3yrs , A= P+S.I
S.I = ptr/100
A=P+ S.I = P + Ptr/100
3920= P + P(3)(7.5)/100
3920=122.5(P)/100
P= 3920/1.225=3200
P= 3200Rs.
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