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Varun started a business with an initial...

Varun started a business with an initial investment of Rs. 300000. In the first first year, he incurred a loss of 3%. So he invested the remaining amount in the bank at 4% per annum for the second year and at 5% per annum for the third year under compound interest compounded annually. Find the amount.

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PEARSON IIT JEE FOUNDATION-SIMPLE INTEREST AND COMPOUND INTEREST -EXAMPLE 9.18
  1. Varun started a business with an initial investment of Rs. 300000. In ...

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