Concept explainers
To Write: A problem based on the give information.
Answer to Problem 30PPE
The required problem is: John borrowed certain sum of money p from a bank at the rate of interest 12% per annum. He repaid total amount of 224. What is the principal amount borrowed by John?
Explanation of Solution
Given information:
Calculation:
John borrowed certain sum of money p from a bank at the rate of interest 12% per annum. He repaid total amount of 224. What is the principal amount borrowed by John?
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