What would be the principal money if the interest on a certain sum of money is Rs 2500 for 5 years at
10% per annum?
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Taking the type of interest as simple Interest. Simple Interest = PRT/100
=P*10*5/100 = 2500
50P/100 = 2500
5P/10 = 2500
Cross multiplying
5P = 25000
P = 25000/5
P= 5000
Hope it helps
=P*10*5/100 = 2500
50P/100 = 2500
5P/10 = 2500
Cross multiplying
5P = 25000
P = 25000/5
P= 5000
Hope it helps
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