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The compound interest on a certain sum for 2 years at 10% per annum is Rs. 1155. The simple interest on the same sum for double the time at half the rate percent per annum is ?
Let the sum be Rs.x. Then,
=> x =5500
sum = Rs. 5500.
So, S.I = Rs. (5500×5×4/100) = 1100
Hence, option 1 is the correct answer.
By: Amit Kumar ProfileResourcesReport error
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