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What sum of money will earn an interest of Rs. 16200 in 3 years at the rate of 12% per annum?
  1. Rs. 40000
  2. Rs. 45000
  3. Rs. 50000
  4. None of these
Explanation

I = PRT

16200 = P × 0.12 × 3

16200 = 0.36P

P = 16200 / 0.36

P = 45000


Last verified on 17-03-2026

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