A sum of money put 20%per annum simple interest amount to RS 10,000 in 2 years .Find the sum.
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Answer:
Principal = 10,000
Period = 2 years
Rate = 20%
Interest = principle x period x rate = 10,000 x 2 x 20/100 = 4,000 Rs
Sum = 10,000 + 4,000 = 14,000 Rs.
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