the c.i on a certain sum of money at certain rate per annum for 2 years is 2050 and s.i on the same amount of money at the same rate for 3 years is rs3000.then what is the sum of money
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Answer:
Rs.20,000
Step-by-step explanation:
SI for 3 years = Rs. 3000
SI for 2 years = Rs.3000/3×2 = Rs. 2000
SI for 1 year = Rs. 1000
CI for 2 years = Rs. 2050
Difference = (2050 - 2000) = Rs. 50
Rate % =50/1000×1000= 5 %
5 % of sum = 1000
Sum =1000/5×100 = Rs. 20,000
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