The difference between C.I. for a year payable half-yearly and simple on a certain sum of money lent out at 10% for a year is Rs 20. Find the sum of money lent out
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Answer:
181
Step-by-step explanation:
CI =S-P
S=P(1.10)^2-p
S=.21p
CI=.21p-.10p
20=.11p
p=181
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