How much investment is required to yield an annual income of RS 420 at the rate of 7% p.a. by simple interest?
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Answered by
8
Answer:
p=loox I/NR
=100x420 / 1x7=6ooo
Rs6ooo is to be invested
Answered by
0
Step-by-step explanation:
A=P+SI
420=P+SI
SI =x*7*1/100=0.07x
x=420/0.07=6000
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