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Profit and Loss...

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  • Question 1
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    John borrowed Rs. 3000 from Mohan at a rate of 10% p.a simple interest for 3 years. At the end of the year, he paid the interest for that year and part of the loan, altogether Rs. 800. Similarly, he paid Rs. 800 at the end of the 2nd year. What sum must he pay now to clear off the debt?

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