what sum of money will the simple interest at 7 and half percent per annum for 4 years 2 months for rupees 630
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Given that S.I.=630
rate=7 1/2=15/2
Time=4 2/12=4 1/2= 9/2
Principal or sum of money = 100×S.I/Rate×time
=100×630/(15/2×9/2)
=63000/15×2×9×2
=63000/540
=6300/54
=3150/27
=1050/9
=350/3
=116.67
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