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What sum will yield an interest of Rs 784 in 2 years at 8% per annum.
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The simplest interest is given as Rs 784 in 2 years at rate of 8%.
s.i = P×R×T upon 100
784 = P×25×2 upon 8×100
P= 784×4×100 upon 28×2
P= Rs =6272
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