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    Question

    The simple interest on Rs. тАШpтАЩ at 15% p.a. for 2

    years is 450 more than the simple interest on Rs. (p + 1000) at 10% p.a. for 2.5 years. Find the compound interest on Rs. 'p' at 10% for 2 years.
    A Rs.2900 Correct Answer Incorrect Answer
    B Rs.2540 Correct Answer Incorrect Answer
    C Rs.2940 Correct Answer Incorrect Answer
    D Rs.1940 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the question, x ├Ч 15% ├Ч 2 тАУ (x + 1000) ├Ч 10% ├Ч 2.5 = 450 0.30x тАУ 0.25x тАУ 250 = 450 0.05x = 700 x = 14000 Required compound interest = 14000(1 + 10/100)2 тАУ 14000 = 16940 тАУ 14000 = Rs.2940

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