what principal must mr Sailesh deposit in the bank today to earn Rs. 285 simple interest in 2 years if the rate of simple interest is 4.75%
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Answer:
3000
Step-by-step explanation:
simple interest =PTR/100
285=P×2×4.75/100
285×100×100/475×2=P 4.75=475/100
3000=P
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