Simple Interest question... Please give appropriate answer with explanation.....
If a sum of money becomes Rs. 3540 in 3 years at the simple interest rate of 6%, what was the sum of money?
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4
Answer:
P=A/(100+rt) x 100
= 3540/.(100+6x3) x loo
= 3540/118.x 100
= Rs3000. Ans
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2
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