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Answers
Answer:
(21) Ans)
Cost price of the TV (CP) = Rs. 10000
Gain percentage = 20%
Gain earned = ?
To find the gain earned, we have to find 20% of the CP.
⇒ 20% of Rs. 10000
⇒ * 10000
⇒ Rs. 2000
∴ Hence, the gain earned by him is Rs. 2000 which means the selling price is Rs. 10000 + Rs. 2000 which is Rs. 12,000
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(22) Ans)
Given principal amount (P) = Rs. 1560
Given time period (T) = 3 years
Given simple interest (SI) = Rs. 585
Rate of interest (R) = ?
We already know that simple interest is . So, by substituting the values, we will get the rate of interest.
⇒ Simple interest =
⇒ Rs. 585 =
⇒ 585 * 100 = 1560 * R * 3
⇒ 58500 = 1560 * R * 3
⇒ = R * 3
⇒ 37.5 = R * 3
⇒ = R
⇒ 12.5% = R
∴ Hence, the rate of interest is 12.5%
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