Neeraj borrowed a sum of money at21/2%per annum form a bank. If he paid ₹1863.75 as interest 5/2 years , find the sum
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Answer:
your answer is 15 percent per year
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Answer:
formula=PNR/100
given N=2.5
R= 21/2
I= 1863.75
applying P = 1863.75/10.5*2.5
=1863.75/26.25=71
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