please help to solve this question step by step.
those who will answer step by step I will mark them as a brainlist
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1
Answer:
1. ₹315
2.₹10000
Step-by-step explanation:
Given:-
Internet (I) = ₹210 on the principal (P) of ₹3000 in a year.
So, interested rate (R) = 100 × 210/3000 = 7%.
Note:-
(for understanding you just think rate as interest earned on ₹100. So by dividing 210 by 3000 you get interest per 1 rupee and by multiplying you get interest per ₹100 which is rate.)
For principal amount of ₹4500 internet earned on rate of 7% in 1 year
= P×R×T/100 = 4500×7×1 /100 = ₹315
Now to have an interest of ₹700 we have,
700 = P×7×1 /100
==> P = 700×100 / 7 = ₹10000
Hence the required principal to get interest of ₹700 is ₹10000.
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