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Finding CI When Rate Compounded Anually or Semi - Anually

A certain sum...

Question

A certain sum amounts to Rs 4840 in 2 years and to Rs 5324 in 3 years at compound interest. Find the rate and the sum.

A

Rs 4000 = P

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B

Rs 2000 = P

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C

Rs 3000 = P

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D

Rs 4500 = P

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Solution

The correct option is A
Rs 4000 = P

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