Jack's mother gave him 50 chocolates to give to his friends at his birthday party. he gave 3 chocolates to each of his friends a
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Answer:
The principle will be "40295.63". A further explanation is given below.
Step-by-step explanation:
The given values are:
Total amount,
A = 99,000
Rate of interest,
R = 3%
Time period,
T = 30 years
= 360 months
As we know,
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On substituting the values, we get
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