Rs.3,500 is given at 7% p.a. rate of interest. Find the interest which will be received at the end of two years.
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Answer:
238
Step-by-step explanation:
Selling price of an article = Rs 250
Profit = 5%
Cost price = (100 x SP) / ( 100 + gain)
Cost price = (100 x 250) / 105
Cost price = (100 x 250) / 105 = Rs. 238
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