Find the borrowed sum that was paid in the two annual installments of Rs. 216 each, if the rate of CI is 20%20% pa.
Question
Solution 1
Sure, here is the step by step solution:
Step 1: We know that the amount paid in the first year is Rs. 216. This includes the principal and the interest for the first year. Let's denote the principal (the borrowed sum) as P.
Step 2: The interest for the first year is 20% of the principal. So, the Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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