Simple interest at 16% per annum for
2 1/2 years
IS Rs 3840
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Answered by
4
let be p
hence by formula
(p×5/2×16)/100=3840
Or, P=3840×100×2/5×16
Or, p=240×20×2
or, p=9600
hence principle is rupees 9600
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1
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