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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.


  1. Rs 4000  = P

  2. Rs 2000  = P

  3. Rs 3000  = P

  4. Rs 4500  = P


Solution

The correct option is A

Rs 4000  = P


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