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QUESTION
Q
Ravi borrowed a certain sum from Kiran at a certain rate of simple interest for 2 years. He lent this sum to Rahul at the same rate of interest compounded...
Solution
Let the sum borrowed by Ravi be = S
Let, the rate of interest be = r
Simple interest obtained on amount S for 2 years is = Rs.4000
Therefore, Simple interest obtained on amount S for 1 year is
= 4000/2 = Rs.2000
Therefore...
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Solution
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Keynote
Let, Compund interest obtained on sum S in 1st year at a rate of interest r be = C1
Let, Simple interest obtained on sum S in 1 year at rate of interest r be = S1
Then, C1 = S1
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Compound...
Arrange the sentences A, B, C and D from a logical sequence between sentences 1 and 6. (1) It is significant that one of the most common objections to competition is that it is blind. (A) This is important because in a system of free enterprise based on private property chances are not equal and there is indeed a strong case for reducing the inequality of opportunity. (B) Rather it is a choice between a system where it is the will of few persons that decides who is to get what and one…
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