Rs1200 becomes Rs 1320 in 2 years at certain rate of simple interest .if the rate of interest decreased by 3% per annum.what will the amount after 5 years
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Rate of interest=100x120/1200x2=5%
interest for 5 years=12oox5x3/100
=l80
Amount after 5yrs=I200+120+l80=
Rs 1400
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