The simple interest on a certain sum for 3 years at 14% per annum is
Rs. 235.20. The sum is :
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Answer:
simple interest=p×r×t÷100
235.20=p×14×3÷100
235.20=21p÷50
by cross multiplication
235.20×50=21p
11760=21p
threfore
p=11760÷21=560
so the sum is rs560
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