Question
Vinita obtained an amount of ₹23,340 as simple
interest on a certain amount at 15% per annum after 8 years. What was the amount invested by Vinita?Solution
SI =23340 Rate =15% Time =8 years. Let the Principal Amount =100 ATQ- 15×8 =23340 120=23340 1=1945 100=19450.
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