What principal would yield an interest of $36 in 3 years at 3% p.a.? (per annum)
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1 $=63rs
therefore,interest=p*t*r/100
=63*36*3*3/100
therefore,interest=p*t*r/100
=63*36*3*3/100
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let the principal amount = p
interest = (p × t × r)÷ 100
$ 36 = ( p × 3 ×3) ÷100
$36 = 9p /100
3600 = 9p
p = 400
therefore $ 400
would yield an interest of $36 in 3 years at 3% p.a.? (per annum)
interest = (p × t × r)÷ 100
$ 36 = ( p × 3 ×3) ÷100
$36 = 9p /100
3600 = 9p
p = 400
therefore $ 400
would yield an interest of $36 in 3 years at 3% p.a.? (per annum)
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