what sum of money lent out at 10% per annum would produce 150 in 5 years.
I want the answer 300
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Answer:
300
Step-by-step explanation:
Simple interest= P*R*T/100
Given,
Simple interest=150
rate= 10%
time=5 years
Let principal be x
SI=P*R*T/100
150 = x*10*5/100
150 = x*50/100
150 = x/2
150*2 = x
300 = x
.
.
therefore principal that is sum of money = ₹300
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