On what sum of money the SI for 2.5 years at the rate of 3.5% per Annum will be rs.525
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Answer:
rs.6000
Step-by-step explanation:
Number of years, n = 2.5
Per annum rate, R = 3.5% = 0.035
Interest = 525
Interest = nRP
=> P = Interest / nR
= 525 / ( 2.5 × 0.035 )
= 6000
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