Arithmeticeasy · Past Paper
What is the sum of money that amounts to Rs 1100 in 2 years at 5% simple interest?
ARs 900
BRs 950
CRs 1000
DRs 1050
✓ Correct Answer: C — Rs 1000
A = P(1 + TR/100) => 1100 = P(1 + 2*5/100) => 1100 = 1.1P => P = 1000.
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