what sum will earn an interest of rs . 480 in 5/2 years at the rate of 3% per annum simple interest
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Simple Interest = Rs 480
Rate = 3% p.a.
Time = 5/2 yrs
So, Principal = (100× SI )÷ ( R×T ) = (100×480)÷ ( 3×5/2) = Rs 40,000.
Rate = 3% p.a.
Time = 5/2 yrs
So, Principal = (100× SI )÷ ( R×T ) = (100×480)÷ ( 3×5/2) = Rs 40,000.
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