Question

Find the principal of the following case:
Interest =31320, Rate=6%per annum, Time=5years 6months.
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Answer 1

Answer:

Step-by-step explanation:

T=5yrs 6 months=5$\frac{1}{2}$=$\frac{11}{2}$

SI=$\frac{PRT}{100}$

∴31320=P×6×11/100×2

⇒31320=P×66/200

⇒31320=P×33/100

⇒P×33=31320×100=3132000

⇒P=3132000/33

⇒P≈Rs.94,909

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