Principal = ₹16,000, rate of interest -5p.c.p.a. Interest=₹2,400. Find amount and time
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Answer:
principal=Rs 16000
rate of interest 5%
interest rs2400
Step-by-step explanation:
Interest:p×r×t
____
100
16000×5×t
‐------------------
100
time: 100×2400
--------------
16000×5
240000
-----------
80000
=3years
amount= p+SI
18400
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