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Class 5 - (Math )
Applied Mathematics - Simple Interest (problems based on basic information)
If a person receives 960 as interest over 4 years at a rate of 8%, what is the principal amount?
a :
Rs.2500
b :
Rs.3000
c :
Rs.3500
d :
Rs.4000
Explanation :
(960×100)/(8×4)=3000