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Sum / Principal

The simple in...

Question

The simple interest on certain principle at the rate of 15% per annum for 5 years is Rs. 9375. Find the principle amount ?

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Solution

$R = 15 % T = 5 I = 9375 \frac{P R T}{100} = 9375 \frac{P \times 5 \times 15}{100} = 9375 P = \frac{3975 \times 100}{5 \times 15} = 5300$

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