Find principle that will amount to ₹875 for 5 years at 25÷2% per annum
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Answer:
answer is 538.4
Step-by-step explanation:
we know amount =principle+simple interest
simple interest=p*t*r/100
let us assume principle amount as x.
875=x+(x*12.5*5)/100
875=x+((62.5*x)/100)
87500=162.5*x
x=87500/162.5
x=538.4
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