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2. Ajay deposited a certain sum of money
for 3 years at a rate of 5% per annum
and received a sum of 1900 as simple
interest. Find the sum deposited.
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Principal for 2 years =Rs4400
Principal for 4 years =Rs5500
Net principal for 2 years=Rs(5500−4400)=Rs1100
Rate of interest =
4400×2
100×1100
=12
2
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