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Question
The interest for a principle of ₹ 4,500 which gives an amount of ₹ 5,000 at end of certain period is
Options
₹ 500
₹ 200
20%
15%
Solution
₹ 500
Explanation;
Hint: Interest = Amount – Principle
= ₹ 5000 – ₹ 4500
= ₹ 500
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