Arel machinery went bankrupt and liquidated its company. But some money remained in the company's term bank account , A sum of money standing in the bank with a simple interest of 25% per year is withdrawn as 255 TL with interest after 20 months.Accordingly, how much TL is the principal deposited in the bank
Arel machinery went bankrupt and liquidated its company. But some money remained in the company's term bank account , A sum of money standing in the bank with a simple interest of 25% per year is withdrawn as 255 TL with interest after 20 months.Accordingly, how much TL is the principal deposited in the bank
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Arel machinery went bankrupt and liquidated its company. But some money remained in the company's term bank account , A sum of money standing in the bank with a simple interest of 25% per year is withdrawn as 255 TL with interest after 20 months.Accordingly, how much TL is the principal deposited in the bank?
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