A number is first increased by 15% and then reduced by 15%. By what percent does the number change?
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Step-by-step explanation:
Principal= Rs 1000
Amount= Rs 12000
Therefore, Interest= 12000-1000
= Rs 11000
Time period= 2 Years
So, the rate of interest is=
(100*11000)/(1000*2)...which is equal to 550%
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