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The difference between the compound interest and simple interest on Rs. P at 17% per amount for 2 years is Rs.1445. The value of P is:1. Rs.289002. Rs.510003. Rs.500004. Rs.45000 |
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Answer» Correct Answer - Option 3 : Rs.50000 Given: C.I. - S.I. = Rs.1445 Rate (R) = 17% Time = 2 years Formula used: The difference between S.I. and C.I. for 2 years = PR2/(100)2 Where P → Principal R → Rate Calculations: According to the question, The difference between the compound interest and simple interest for 2 years = PR2/(100)2 ⇒ 1445 = P × 17 × 17/10000 ⇒ P = Rs.50000 ∴ The value of P is Rs.50000. |
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