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IPMAT Rohtak 2020

Arithmetic

>

Simple & Compound Interest

Easy

Present sum of money amounts to Rs 800 in two years and to Rs 920 in three years, then the present sum of money is

420

690

560

None of the options

Correct Option: 3

In two years

=₹800

\newline

In three years

=₹920

So interest gathered in one year

=920-800=₹120

So going back two years from

800=800-120-120=₹560

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