The difference between C.I. and S.I. on a certain sum at 10 % per annum for 2 years is Rs. 530. Find the sum.
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Answer:
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Step-by-step explanation:
Difference between CI and SI =
100
3
Pr
2
(300+r)
⇒620=
100
3
P×100
×(300+10)=
100
3
100P
(310)
⇒620=
10000
P(310)
⇒P=Rs.20,000
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