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The simple interest on a certain sum of money at 10% per annum is Rs. 6,000 in 2 years. Find : (i) the sum. (ii) the amount due at the end of 3 years and at the same rate of interest compounded annually. (iii) the compound interest earned in 3 years. |
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Answer» The simple interest on a certain sum of money at 10% per annum is Rs. 6,000 in 2 years. (i) the sum. (ii) the amount due at the end of 3 years and at the same rate of interest compounded annually. (iii) the compound interest earned in 3 years. |
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