John withdrew ₹ 1175.75 from his bank account. Now he has ₹ 4450.25 left in his account. What was the original balance in his account before the withdrawal ?
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3
Answer:
Simple One-time Interest
I = P0r
A = P0 + I = P0 + P0r = P0(1 + r)
I is the interest
A is the end amount: principal plus interest
P0 is the principal (starting amount)
r is the interest rate (in decimal form. Example: 5% = 0.05)
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1
Answer:
₹1175.75
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