Question
On a certain sum, simple interest for 4 years at 5% per
annum is ₹1,254. Find the sum (in ₹).Solution
- SI = P × R × T / 100 Where:
- SI = ₹1,254
- R = 5% (rate)
- T = 4 years (time)
- P = principal (the sum we want to find)
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