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Profit share ratio of ‘A’, ‘B’ and ‘C’ = (10000 × 12):[12000 × (12 – x)]:(16000 × 9) = 10:(12 – x):12 Given, the profit share ratio of ‘A’ and ‘B’ is equal. So, 10:(12 – x) = 1:1 10 = (12 – x) x = 12 – 10 = 2 So, the value of x = 2
What is the compound interest in a sum of 7500 for 12/5 years at 20% p.a., interest compounded yearly (nearest to an integer)?
A person borrows ₹80,000 at a rate of 10% per annum compound interest. What is the amount after 3 years?
If Rs. 5,000 is compounded at an annual interest rate of 8%, what will be the amount after 3 years?
A person invested 6,000 in a bank at compound interest compounded annually. After 3 years, the sum became 7,986. What was the rate of interest?