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Mohit borrowed a certain sum at 5% per a...

Mohit borrowed a certain sum at 5% per annum compound interest and cleared this loan by paying Rs 12,600 at the end of the first year and Rs 17,640 at the end of the second year. Find the sum borrowed.

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The correct Answer is:
Rs 28,000
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ICSE-COMPOUND INTEREST (USING FORMULA)-EXERCISE 3(B)
  1. The difference between simple interest and compound interest on a cert...

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  2. A sum of money, invested at compound interest, amounts to Rs 19,360 in...

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  3. A sum of money lent out at C.I. at a certain rate per annum becomes th...

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  4. On what sum of money will compound interest (payable annually) for 2 y...

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  5. Kamal and Anand each lent the same sum of money for 2 years at 5% at s...

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  6. Simple interest on a sum of money for 2 years at 4% is Rs 450. Find co...

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  7. Simple interest on a certain sum of money for 4 years at 4% per annum ...

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  8. Compound interest on a certain sum of money at 5% per annum for two ye...

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  9. A certain sum of money amounts to Rs 23,400 in 3 years at 10% per ann...

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  10. Mohit borrowed a certain sum at 5% per annum compound interest and cle...

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  11. The difference between simple interest and compound interest on a cert...

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  12. A sum of money, invested at compound interest, amounts to Rs 19,360 in...

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  13. A sum of money lent out at C.I. at a certain rate per annum becomes th...

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  14. On what sum of money will compound interest (payable annually) for 2 y...

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  15. Kamal and Anand cach lent the same sum of money for 2 years at 5% at s...

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  16. Simple interest on a sum of money for 2 years at 4% is Rs 450. Find co...

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  17. Simple interest on a certain sum of money for 4 years at 4% per annum ...

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  18. Compound interest on a certain sum of money at 5% per annum for two ye...

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  19. A certain sum of money amounts to Rs 23,400 in 3 years at 10% per ann...

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  20. Mohit borrowed a certain sum at 5% per annum compound interest and cle...

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