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Find the difference in interest for 1 year:
2 years = Rs 24
1 year = 24 ÷ 2 = Rs 12
Find the principal amount:
Difference in percentage = 1% (Given)
Difference in amount = Rs 12
1% = Rs 12
100% = 12 x 100 =Rs 1200
Answer (c) Rs 1200
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