Find the principal that will amount of 4826 rs in 6 years at the rate of 9\2% per annum
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Answer:
RS 3800
Step-by-step explanation:
Amount = 4826
Rate of Interest = 9/2%
Time = 6 years
Since, Amount = Principal + Interest
Therefore, Amount = Principal + (Principal * rate of interest * time)/100
4826 = P+(P*9/2*6)/100
4826= P+ 27P/100
4826= 127P/100
P=4826*100/127
P=3800
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