# How much money Anil should invest which will give him an interest of ₹1512 in 4 1⁄2 years at 3 1⁄2 % per annum simple interest?

Step-by-step explanation:

we know that

The simple interest formula is equal to

where

I is the amount interest Value

P is the Principal amount of money to be invested

r is the rate of interest

t is Number of Time Periods

in this problem we have

substitute in the formula above

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500 is 1/10 as much as 50

True

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