A certain sum lent out at simple Interest and the true discount on a certain sum for 1 year at 5% is Rs.1 find the sum.
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Answer:
100
Step-by-step explanation:
p = ?
r = 5% per anum
t = 1 yrs
t = 100 multiply by I / r multiply by t
= 100 multiply by 5 / 5 multiply by 1
= 500 / 5
= 100
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