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Question

The diameter on a certain sum of money is Rs. 1480 in 2 years and at 10 per ceny per year. Find the sum of money.



    Solution

    The correct option is

    Let P = Rs. x        Rate(R)=10%
    Time(T)=2 years
    Interest = P×T×R100=x×10×2100=x5
    x5=Rs.1480(Given)
    x=1480×5=Rs.7400
    Hence the money Rs. 7400

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