The interest paid on a certain sum of money after 4 years at the rate of 5% per annum was Rupees 840 find the principal borrowed and the amount returned?
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Step-by-step explanation:
Time = 4 years
Rate = 5%
S.I. = 840
Principal = 100×SI/R×T
=100×840/4×5
= 4200
AMOUNT = 4200+840
= 5040
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