What is the sum of money that will yeild 25.75 as the simple interest in 2 years and 3 motnhs at the rate of 3×1%7 p.a
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Let it be P, time = 2 years 3 months = 9/2years
Interest = 22/7 pa
25.75 = P× (9/2)×(22/7)/100
P = 25.75×2×7×100/(9×22) =364.14
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