c) What principal will amount to 23, d) Find the principal which will amount to Rs 11,125 in 2 years and 3 months at the rate of 5% per annum.
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pls send full question I will try to answer
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d) Let the principle be x
So,
23200 = x + (x × 2 × 8)/100
Just convert number of years to quarters or months as per convenience of calculation and convert yearly interest to quarterly or monthly divide in by 4 or 12.
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