Question

the simple interest on a sum of money for 2 years at 12% per annum is rupees 1380 find the sum of money

















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Answer 1

per year 12%

two year's is 12+12+12×12/100

24+1.44=25.44%

25.44%=1380 then

100%=?

1380×100/25.44

138000/25.44=5424.52