if a sum of money becomes 915 in 8 years at 11/4% , find the sum of money.
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Step-by-step explanation:
Let the sum invested be Rs. P
Amount = Rs. 732, Rate = 8% and Time = 2 + 9/12 years = 11/4 years
⇒ SI = A – P = 732 – P
⇒ SI = P × R × T/100
⇒ (732 – P) = P × R × T/100
⇒ (732 – P) = P × 8/100 × 11/4
∴ Sum invested, P = Rs. 600
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