The maturity value after three years of certain sum at 15% p.A simple interest is 8700 find the principal amount
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Answer:
Rs 6000
Step-by-step explanation:
let principal amount=100x
interest=100x*3*15/100=45x
maturity amt=100x+45x=145x
given 145x=8700
x=8700/145
=60
so principal amount 60*100=Rs 6000
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