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anand took a loan for 6years at the rate of 5% p.a. simple interest. If the total interest paid was Rs.1230, then find the principal?
anand took a loan for 6years at the rate of 5% p.a. simple interest. If the total interest paid was Rs.1230, then find the principal?
Rs. 4100
Rs. 5100
Rs. 4900Rs. 4400
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Answer
1230/6=205...i.e one year interest, which is equal to 5%....then 100%= 4100
