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A person took a certain amount of money as loan from a cooperative bank at an yearly interest of 12% to establish a poultry.He has to give a monthly

interest o Rs. 378.How much money had he taken as loan?



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Assuming simple interest,
rate = 12%
time = 1/12 years
SI = Rs. 378
Principal = P

SI =  \frac{Ptr}{100}  \\  \\ P= \frac{100*SI}{t*r} = \frac{100*378}{ \frac{1}{12} *12} =Rs.\ 37800

He had taken Rs. 37800 as loan.
0 0 0
do it by simple interest

SI =PTR BY 100
ANS =RS. 37800
0 0 0
SI = PTR/100
therefore P=100*S.I/T*R=rs.37800
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