What sum will amount to Rs. 4590 at 12% per annum simple interest in 3 years?
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Answer:
Let sum be x
A- 4590
R- 12%
T- 3
I: A- P= 4590-x
I=prt/100
4590-x= x*12*3/100
459000- 100x = 36x
459000= 100x+36x
= 136x
x= 459000/136
= 3375
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