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Question
On what sum of money does the S.I. for 10 years at 5% become Rs. 1,600?
Sum
Solution
S.I. = Rs. 1600, R = 5% p.a. T = 10 years
∴ P = `("S.I." xx 100)/("R" xx "T") = (1600 xx 100)/(5 xx 10)` = Rs. 3200
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