Deepa invested a sum of money from 2011 to 2016 at the rate of 12%p.a. If the interest received is ₹1620. Find the sum
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As we knw
I=ptr/100
So,
I= Rs 1620
T= frm 2011-2016 = 5yrs
Rate% = 12%= 12/100
Let the sum be Rs x
ATQ..
1620 = x*12/100*5
1620 = x/5
X = 1620/5
x= Rs 324
I=ptr/100
So,
I= Rs 1620
T= frm 2011-2016 = 5yrs
Rate% = 12%= 12/100
Let the sum be Rs x
ATQ..
1620 = x*12/100*5
1620 = x/5
X = 1620/5
x= Rs 324
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