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QUESTION
Q
A sum is invested at compounded interest payable annually. The interest in the first two successive years was Rs.600...
Solution
Simple interest on Rs.600 for 1 year is
= 624 − 600 = Rs.24
Let, the rate of interest be = r
Let, the sum be =...
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Keynote
Compound interest obtained on the principal in the 1st year = C1
The simple interest obtained on the 1st year's...
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