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Q.

The C.I. on a certain sum for 2 years is Rs. 410 and the S.I. is Rs. 400 at same rate for same time. Find the principal.

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a

Rs. 4000

b

Rs. 2500 

c

Rs. 3000

d

Rs. 1500

answer is A.

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Detailed Solution

SI  for2  years=400

SI  for  1  year=200

CI  for  1  year=200

Given  CI  for  2  years=410

CI  for  2nd  year=210

That  interest  in  200for  1  year=210200=10

I=PTR100

10=200×P×R100

R=5%

PTR100=400P×2×5100=400

P=4000

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