Mrs sakya borrowed a sum of money from a bank at 12percent per annum simple intrest of 1920 in 2 years find the sum borrowed by him
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Step-by-step explanation:
r=12percentage
n=2years=2×12=24months
interest =1920
interest=p×n×r/100
1920=p×24×12/100
p=1920×100/24×12
p=80×25/3
p=666.6
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