if the compound interest at the rate af 7*1/2 for 2 years Rs996, find the principle
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Answer:
71.1428
Step-by-step explanation:
BY USING FORMULA
MARKUP = PRINCIPAL×RATE×TIME
996 = PRINCIPE×7%×2
996 = PRINCIPAL×14÷100
996 × 100 ÷ 14 = PRINCIPAL
99600÷14 = PRINCIPAL
71.1428 = PRINCIPAL
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