principal is equal to? Rate of interest per annum 3.5 % time is equal to 2 years simple interest? Amount rupees 535
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Answer:
P = Rs.500
Step-by-step explanation:
Interest = PRT/100
Amount - Principle = P * 3.5 * 2 / 100
535 - P = 7P/100
53500 - 100P = 7P
107P = 53500
P = Rs.500
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