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Exam
Numerical Ability
Simple & Compound Interest
An amount of Rs. 2400 is due after 6 years under simple interest at 10%p.a. find its present value
Read Solution (Total 2)
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- Rs. 1500
Let the present value be Rs. x, then x + (x*10*6/100)=2400
=> x=1500 - 7 years agoHelpfull: Yes(1) No(1)
- si=p*r*t/100
A=si+p
2400=p*10*6/100+p
p=1500 - 7 years agoHelpfull: Yes(0) No(1)
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