find the principal for which the SI is rupees 600 when the rate is interest is 10% per annum and time is 8 month
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Answer:
Principle is Rs. 600 and rate of interest is 5%.
Concept used :
Interest = (principle × interest rate × time)/100
Calculations :
According to the question
Interest = [600 × 5 × (1/3)]/100
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