Arithmetichard · Past Paper

If CI for the 2nd year on a certain sum at 10% is Rs 220, find the sum.

ARs 1000
BRs 2000
CRs 1500
DRs 1800

✓ Correct Answer: BRs 2000

CI 2nd year = Amount(1yr) * R/100. 220 = P(1.1) * 0.1 => 220 = 0.11P => P = 2000.

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