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Challenging Simple and Compound Interest Mix Problems:
Published : 2023-05-18 - Duration : 05:18 - View : 5
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Que: A person borrowed a certain amount of money from a private organization at a simple interest rate of 5% per annum. He lent out 50% of this amount to another individual at a compound interest rate of 10% per annum. As a result, he earned a profit of Rs. 3,205 in 4 years. What was the initial amount borrowed by the person?(a) 80,000(b) 1,00,000(...
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