Find the principal that will yield an interest of
(a) Rs. 340 in 4 years at 2% per annum.
(6) Rs. 367.75 in 4 years at 3% per annum.
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Answer:
(a) Si=Rs340
Time=4years
R=2%p.a
P=SI×100/T×R
=340×100/4×2
=Rs4250
(b) Si=Rs367.75
Time=4years
R=3%p.a
P=SI×100/T×R
=367.75×100/4×3
=Rs3064.583....
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