8, Mr Tandon borrowed a certain sum from a bank at the rate of 12% per – InterviewSolution

1.	8, Mr Tandon borrowed a certain sum from a bank at the rate of 12% per annum. After 2 years, he returned3100 to the bank. Calculate the sum of money he borrowed from the bank.
Answer» 3100 = p(1+ 12x2/100)3100 = p(1+.24)3100/1.24 = pp= 2500rs

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