compounded half yearly. Mohan sold a car at a profit of 10%. If he sold the car for * 51,000 more, the profit would have bee 15%. Find the cost price of the car. Calculate the compound interest on 40,000 for 9 months at the rate of
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Step-by-step explanation:
Let the cost price = P
1.1P + 51000 = 1.15 P
=> 0.05 P = 51000
=> P = 51000/0.05 = 1020000
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