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What sum will yield an interest of Rs 750 for 2 years at rate of 8 1/3% per annum |
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Answer» Answer: Rs 4500 Step-by-step explanation: given INTEREST for two years at a rate of 8 1/3% per annum is Rs 750 to find sum which will yield the given data formula for use interest = PRINCIPAL * time * rate/100 solution principal = 100 * interest /(time * rate ) ==> principal = 100 * 750/(2 * 25/3) (8 1/3 can be written as 25/3) ===> principal = 100 * 15*3 = Rs 4500 |
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