If simple intrest on an amount at the end of 5 years at 12.5% is Rs1572. What is the amount
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Answer:
Rs.2515.20
Step-by-step explanation:
Rate (R) = 12.5%
Simple Interest (SI) = Rs.1572
Time (T) = 5 years
Let the Principal be P.
SI = PRT/100
=> 1572 = P × 12.5 × 5/100
=> 1572 × 20 = P × 12.5
=> 31440 = P × 12.5
=> P = 31440/12.5
=> P = Rs.2515.20
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