What will be the amount borrowed by the person if he paid 1220 Rs as interest at the rate of 10 pcpa for 2 years ?
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Answer:
A=P+SI
1200=P+SI
SI=1200-P
amount SI=PRT/100
1200-P=P*10*2/100
1200=P/5+P
1200=6P/5
P=200*5
=1000
So required ANSWER is 1000 Rs.
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