rate of interest 4percent time period 3years simple interest 120 find principal&amount
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•. According to given question :
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Answer:
Given that :-
- Rate of interest = 4%
- Time period = 3 years.
- Simple interest = 120
To find :-
- Principle = ?
- Amount = ?
Principle:-
= Formula of Simple Interest.
Putting the given values :-
Amount :-
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