Question
Which of the following statement is correct?
Which of the following statement is correct?
I. If amount = Rs. 26500, time = 5 years, and rate of interest = 16.5 percent per annum, then the principal is Rs. 14000 on simple interest.
II. If principal = Rs. 22000, amount = Rs. 39160 and time = 6 years, then at simple interest rate of interest is 13 percent per annum.
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