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- Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs.
Question 1:
Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, the principal was A. 4100
Feedback S.I.= P*R*T/100 => P = S.I.*100R*T
By applying above formula we can easily solve this question, as we are already having the simple interest.
= 1230*100/6*5
P=4100
By applying above formula we can easily solve this question, as we are already having the simple interest.
= 1230*100/6*5
P=4100
B. 4200
C. 4300
D. 4400
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