mr ashok sum amount of money will be deposited at 5/2%simple interest for four yearsto get rs. 1600 as interest
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Answer:
Mr. Ashok has deposited 16000 rs.
Step-by-step explanation:
Given,
SI = Simple interest = 1600
R = rate of interest = 5/2%
T = time period = 4 years
Simple interest = PRT/ 100
1600 = P × 5/2 × 4 / 100
1600 = P × 10 / 100
so, P = 16000
Hence , Mr. Ashok has deposited 16000 rs.
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