Question
On a certain sum of money, simple interest at 8% per
annum for 3 years is Rs 4,800. Find the principal,Solution
ATQ, SI = (P × R × T)/100 4800 = P × 8 × 3 / 100 = 24P / 100 So P = 4800 × 100 / 24 = 480,000 / 24 = 20,000
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