GATE Questions

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Principle amount = Rs. 29000

Interest = Rs. 10440

Let rate of interest = r%

=> So, time = r years

According to the question,

10440 = 29000 x r x r/100

290 x r x r = 10440

r x r = 1044/29 = 36

r = 6

Hence, the rate of interest = 6% and time = 6 yrs.

Let the marked price of the router be Rs. P

From the given data,

$$\begin{gathered} P x 85100 - P x 80100 = 51 \\ P x 5100 = 51 \\ ⇒ P = 51005 = 1020 \end{gathered}$$

Hence, the original marked price of the router is Rs. 1020.

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