Q:
A merchant commences with a certain capital and gains annually at the rate of 30 per cent. At the end of 2 years he has worth Rs 10,000. What was the original capital?
Answer & Explanation
Answer: C) Rs. 5917
Explanation: Let the Original capital amount be Rs. P
Given after 2 years the amount is Rs. 10000
Rate of interest = 30%
According to the question,
Therefore, the capital amount P = Rs. 5917
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