the C.I on rs. 2000 t 10% rate of interest p.a. for 2 years is
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Answer:
A=P(1+
100
R
)
T
⇒ A=2000×(1+
100
10
)
2
⇒ A=2000×
100
121
⇒ A=Rs.2420.
∴ C.I.=A−P=Rs.2420−Rs.2000=Rs.420.
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