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Principal Amount = P = ₹1200
Rate of interest = R = 4 1/2 =9/2 %
Time period = N = 1 year 5 month
= 17 months
Simple Intetest = PRN / 100 × 12
= 1200 × 9 × 17 / 100 × 12 × 2
= 153 / 2 = ₹ 76.5 = I
Total Amount = P + I
= 1200 + 76.5
= ₹ 1276.5
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