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If the difference between Simple Interest and Compound Interest at 10% p.a rate of interest for 3 years is Rs. 930, then find the Sum.
Rs 25,000
Rs 30,000
Rs 35,000
Rs 40,000
On SI, Rate for 3 years=3*10=30% On CI rate for 3 years – 10%=1/10 10—–11 10—–11 10—–11 1000—-1331 =1331-1000/1000 *100=33.1% Difference=33.1-30=3.1% 3.1%=930 100%=Rs 30,000
Hence, option 2 is the correct answer.
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