Amount = Rs 17,400, Rate of Interest = 8 p.c.p.a, Time = 2 years, then what is the principal?
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Given:
Principal (P) = 1500 rupees,
Rate of interest (R) = 9%
Time (T) = 2 years
Total interest (I) = P×R×T100
=1500×9×2100
= 270 rupees
Now, total amount = P + I
= 1500 + 270
= 1770 rupees
Hence, Rihanna will get a total amount of 1770 rupees.
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