What sum of money lent out at 8.5% per annum simple interest produces Rs. 15,300 as interest in 3 years?
Answers
Answered by
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Step-by-step explanation:
Answer
SI=Rs. 810; R= 9%; T = 6 years,
P=?
We have
I=
100
PTR
P=
TR
100×I
=
6×9
100×810
=Rs.1500
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