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Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120?
- A1000
- BRs.1100
- C1050
- D1200
Correct answer: A
Discussion 1
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0
CCommunity
1000
1120 = P [1 + (5*12/5)/100]
P= 1000
1120 = P [1 + (5*12/5)/100]
P= 1000