A sum of money is borrowed and paid back in two annual instalments of rs. 882 each allowing 5% c.I. The sum borrowed was:
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Step-by-step explanation:
the difficult question I cannot know I can earn at the moment please please please
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Answer:
1600 rs.
Step-by-step explanation
use this formula:
amount(inclusive of interest) ÷ ((100+interest percentage)/100))^x(no. of years)
882 ÷ ((100+5)/100)² = 800
since it's two years,
800 * 2 = 1600
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