Rachana borrowed a certain sum at the rate of 15% per annum. If she paid at the end of two years Rs. 1290 as interest compounded annually, find the sum she borrowed.
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Step-by-step explanation:
Given =
Rate = 15% p.a
time. : 2yrs
c.i. : rs1290
so answer
r×t\100
15×2/100
30/100
3.7
3.7/1290
123.67
ans: 123.67
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