Neha invested a sum of money from july to june 2004 to june 2008 at the rate of 15% p.a. If the interest received is rupees 1125 , then find the sum of money deposited initially
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The sum of money invested by Neha = Rs. 1875
Let the principal amount invested by Neha = Rs. P
The rate of interest on the principal amount , R = 15% pa.
Total interest received at the end of june of 2008 = Rs. 1125
The total time period from july of 2004 to june of 2008 = 4 years
Interest received = P × R × T/100
=> 1125 = P × 15 × 4/100
=> P = Rs. 1875
The sum of money invested by Neha at the rate of 15% p.a = Rs. 1875
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0
Answer:
1875
Step-by-step explanation:
amount Neha money =₹p=r=15%total time juli =2oo4 june of 2008 =4year I received =P×R×T/100 =1125=P×15×4/100=P=₹1875
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