Rajeev borrowed a certain sum of money for two years from a company at 10% simple interest he lent this money to a friend at the same period of time at C. I. then he earned a profit of RS 10 in interest . Find the sum.y
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Step-by-step explanation:
Answered by
0
Answer:
1000
Step-by-step explanation:
since rate of interest=10% per annum
time=2 years
Let borrowed money be p
earning = C I - S I
10=[p( 1+10/100)^2-p] - p×10×2/100
=10 p[121/100-1-1/5]
= 10×100= (121-100-20)p
p=1000
therefore sum of money =1000
Hope this helps you
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