find the principal on which the simple interest for 3½ years at 4% amount to RS1026
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4
Answer:
It is 900 rupees. r is rate of interest like 4 percent or 5 percent per annum. So p=1026÷1.14=900 rupees. On this principal amount of 900 rupees ,36 rupees interest was earned per annum ,for 6months(half year) it is 18 rupees.
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2
Answer:
18 Rupees is the answer :)
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