Please solve this....
what principal will amount to rupees 1000 in 10 years at 2½% simple interest
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Answer:
Rupees 4000
Step-by-step explanation:
Let principal be x
Rate of interest =2 1/2=5/2
Time = 10 years
Amount = Principal × Rate of interest × TIme
According to the question,
1000 = x × 5 × 10 ÷ 100 × 2
x = 4000
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