Question

Find the principal that will amount to ₹8480 in 3 yrs at the rate of 2% p. a.
Please give correct answers
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Answer 1

Answer:

P-₹X

R-2%

T-3years

S. I-8430

S. I-P×R×T

X×2\100×3=8430

X×1/50=8430×1/3

X=2810×50

X=14050

Principal=₹14050