Neha invested sum of money from July 2004 to June 2008 at rate of 15% p.a. If interest recieved is 1125 ,then find sum of money
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Answer:
₹ 1875
Step-by-step explanation:
Let the principal amount of money invested be ₹x.
Time = 4 years
Net gain
= ₹( 15/100 × x × 4)
= ₹ 3x/5
BTP
3x/5 = 1125
=> x = ₹1875 (Answer)
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