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Question 1:
A person took some amount with some interest for 2 years, but increase the interest for 1%, he paid Rs.120/- extra,
then how much amount he took?
A. Rs.5500
B. Rs.6000
Feedback 2 years = Rs.120/- year = 120/2
Rate of Interest = 1%
100/1% × 120/2 = Rs.6000/-
P = Rs.6000/-
C. Rs.4000
D. Rs.7000

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