Question
What is CI on Rs. 7500 for 4 years if the rate of
interest is 10% p.a. for the first 2 year and 20% p.a. for the next 2 year?ÂSolution
As we have to calculate the sum for half-time, both time period is the same, and hence a:b = b:c 7500:x = x:24300 x = Rs 13500
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MICR stands for
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