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A certain sum is lent for 3yrs at 10% compound interest p.a. if the C.I for the 3rd year is 242. Then what will be the S.I for 4yrs?
400
800
600
1000
R – 10% = 1/10 ….. (10)³ = 1000, let P=1000 . 1000 100……………..100…………….100 . 10……………….10 . 10 . 1 C.I for 3rd yr = 121 121 = 242 1 = 2 P = 1000 = 2000 S.I = 4*10 = 40% of 2000 = rs800
Hence, option 2 is the correct answer.
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