What sum of money lent out at 12 per cent p.a. simple interest would produce ₹ 9000 as interest in 2 years
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Answer:Answer:
Step-by-step explanation:
SI=9000
R=12%
Y=2
P=(SI×100)/(R×T)
= (9000×100)/(12×2)
=(900000)/(24)
=Rs.37500
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