vijay invested a certain sum of money for 100 days at 10% per annum simple interest, at the end of 100 days he got total amount of rs 6000, find principal
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Step-by-step explanation:
Simple Interest
Simple Interest is the rate at which we lend or borrow money. In the following section, we will define the important terms and formulae that will help us solve and understand the questions on the simple interest. We will define the concept of Simple interest and use these formulae and definitions to solve questions that we expect will come from this section. Let us begin with the definitions!
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Questions
What rate gives Rs.
280
as interest on a sum of Rs.
56
,
000
in
2
years?
1 Verified answer
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