The Simple interest on a certain sum of money for 9 years at 16% per annum is Rs. 7200/-. Find the sum?
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Answer:
5000
Step-by-step explanation:
S.I = 7200
n = 9
r = 16 %
s.i = pnr / 100
7200 = p × 9 × 16 / 100
7200 = p × 144 / 100
p = 7200 × 100 / 144
p = 5000
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