Find the principal which will earn an interest of rs.203 at 3.5% rate of interest p.a in 7.25 years
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Answer:
Simple interest=₹203
Principle=p
Rate%=3.5%
Time=7.25years
SI=p x r x t/100
203=p x 3.5 x 7.25/100
203=p x 0.25375
203/0.25375=p
p=₹800
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