Str Mehta borrowed a sum of money at 8% per annum. If he paid $640 as interest after 5⅓years
(5 years 4 months), find the sum borrowed by him.
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Answer:
Step-by-step explanation:
SI= ₹640
R = 8%
T= 5.3 years
SI=PRT/100
640=P×8×5.3/100
640×100=42.4P
64000=42.4P
P=64000÷42.4=1509.43
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