What principal will amount to 20800 rupees in 2 years at the rate of 2 %p.a
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416000 Rs.
Step-by-step explanation:
I =PTi where l= total interest ;P=principle;t=time;&i =rate of interest r/100.
hence, P+I=20
t=2
i=2/100
I=P.2.2/100
=4P/100
Hence,P+4P/100=20800
P=416000.
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