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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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