Sheila pays interest on a particular principal for 4 years at 9.5% interest
If you paid ₹ 21,280, see the original.
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why do we use Zaa in tables?
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Answer:
p=56000
Step-by-step explanation:
let the principal be ₹P
Rate of interest,r=9.5%
Time,t=4 years
simple interest,I=p×r×t/100
21280=p×9.5×4/100
21280=p×95×4/1000
p=21280×1000/95×4
p=56000
sum of money Sheila bought is 56000₹
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