Question

i) What principal will earn an interest of *1650 in 3 years at 10%?

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Answer 1

Answer:

P=S.I.×100/TR

answer comes as Rs. 5500

Answer 2

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Answer:

Answer:Interest, I = Rs 3500

T = 4 years,

R = 14% p.a.

Simple interest, I = (PTR)/100

3500 = (P x 4 x 14)/100

P = (3500 x 100)/(4 x 14)

Therefore, principal P = Rs 6250

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