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| 1. |
a certain sum of money was deposited in a bank for 5 years the bank paid simple interest at the rate of 12.5% per annum find the money deposited if the interest received by the depositor is 1,200? |
| Answer» PRINCIPAL be ₹PRate (R) = 12.5% P. a. Time (T) = 5 yearsSimple Interest (SI) = ₹1200# | |