on what sum of money will the simple intrest of 4percent per annum in 3years 3months is 3250 rs
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p=?
r=4%
n=39 months
I=3250/-
P*n(n+1)/2*12*r/100
p*39*40/2*12*4/100=3250
after cut shotting we get,
13p/5 =3250*5/13on simplifing we get p as 1250/-
hope this helps you.
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