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Knowledge Expert
· commented
· 1 Months ago
Explanation,
Let us assume x be the year, y be the interest rate and z be the sum.
z is our answer.
For simple interest:
(x*y*z)/100=42 -------- (1)
For true discount
(x*y*(z-40))/100=40-------- (2)
Solving 1 & 2 i.e replace x*y from equation 1 into 2
We will get
z=42*40/(42-40).
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