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Q.11 If Meena gives an interest of Rs. 45 for one year at 9% rate p.a. What is the sum she has borrowed?


Answer :

Interest = Rs. 45
Time = 1 year
Rate = 9% p.a.
P= \(\frac{I×100}{R×T} \) = \(\frac{45×100}{9×1} \) = Rs.500

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