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NIKHIL

· started a discussion

· 1 Months ago

doubt (Question:573905.0)

take p 125 an r 20% den proove that dat r is 20% in ci for 3 years

Question:
A sum of money at compound interest amounts in two years to Rs.2809, and in three years to Rs.2977.54. Find the sum (in Rs.).
Options:
A) Rs.2500
B) Rs.2200
C) Rs.1800
D) Rs.2700
Solution:

Difference in amounts = 2977.54-2809= Rs.168.54

Now, we see that Rs.168.54 is the interest on Rs.2809 in one year (it is either simple or compound interest because both are the same for a year)


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