I= Rs. 3630, N= 3 years, R= 11 p.c.p.a ,find p=?
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Interest = (P×N×R ) ÷ 100
So,
3630 = ( P × 3 × 11) ÷ 100
3630 = ( 33 × P) ÷ 100
3630 × 100 = 33 × P
363000 = 33 × P
P = 363000 ÷ 33
P = 11000.
Hope it helps !! ;-)
So,
3630 = ( P × 3 × 11) ÷ 100
3630 = ( 33 × P) ÷ 100
3630 × 100 = 33 × P
363000 = 33 × P
P = 363000 ÷ 33
P = 11000.
Hope it helps !! ;-)
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1
I hope this is right
this method are use in banking
this method are use in banking
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