Find the sum on which interest yield rs. 126 in 2 year at the rate of 14%
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Step-by-step explanation:
Interest=Rs.126,time=2years,R=14%p.a.
Now,
Interest=100P×R×T
∴100P×R×T=126
⇒P=14×2126×100
⇒P=Rs.450
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