Rajan borrowed a sum from the bank for 5 years at the rate of 4% p.a. After 5 years, he returned Rs 4500. Find the amount borrowed by himm
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can you tell me it is in simple or compound interest
soundharya2006p7d4mc:
Simple interest
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let the sun be x; so amount =4500 ; interest =4500-x so according to question =x*5*4whole divided by 100=4500-x .Then solve the equation and you will get 3750
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