calculate the principal which will earn an interest of rupees 203 at 7% rate of interest in 29 years
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Interest = 203
Rate = 7%
Time = 29 years
Principal = 100 × Interest/Rate × Time
100 × 203/7 × 29
Principal = Rs.100
Rate = 7%
Time = 29 years
Principal = 100 × Interest/Rate × Time
100 × 203/7 × 29
Principal = Rs.100
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