Multiple Choice Questions on A sum of money is borrowed and paid in 2 annual instalments of Rs 642 each allowing 4 CI The sum bor........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sum of money is borrowed and paid in 2 annual instalments of Rs 642 each allowing 4 CI The sum bor...........

Quant (SSC) Compound Interest
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    A sum of money is borrowed and paid in 2 annual instalments of Rs.642 each allowing 4% CI. The sum borrowed was

    1120

    Incorrect Answer

    1211

    Correct Answer

    1112

    Incorrect Answer

    1121

    Incorrect Answer
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    Explanation:

    P = [642/(104/100)] + [642/(104/100)2)
    = 642*(25/26) + 642 (25/26)2
    = 617.3 + 593.6 = 1210.9 = 1211

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