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The difference between CI and SI for 3 yéar is 992. If rate of Interest is 10%. Find the Principal?
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Explanation:
rate 10 % = 1\10
Let principal = (10)^3=1000
Total CI = 331
Total SI = 300
Difference between CI and SI = 31
But 31 units = 992 (given)
1 unit = 992\31
1 unit = 32
∴Principal=32×1000 = 32000