If the sum of simple interest and compound interest at the rate of 8% per annum for 2 years is rupees 816. Find the principal.

Phorden asked Jan 26, 2022

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Phorden asked Jan 26, 2022

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20 votes

p=?

r=8

i=816

t=2years

we know that

p=I×100/t×r

p=816×100/8×2

p=81600/16

p=5100

it the answer

Evan Haas answered Feb 2, 2022

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