Solve the following problems.

A certain sum of money is deposited by your father in Sahara India in the form of cumulative deposit. Your father gets an amount of Rs. 10,000 after 6 years. If Rs. 2,800 is the interest included in the amount find the sum deposited by your father.

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Solution

Amount (A) = Rs.10,000

Simple interest (I) = Rs.2,800

Time (T) = 6 years

Principal (P) = ?

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