12/5/2016 Simple&CompoundInterest

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5 Simple&CompoundInterest

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Installments:Amitborrowed21,000fromVinayat10%p.a.,under
compoundinterest,compoundedannually.IfAmithastorepaytheloanin
twoequalannualinstalments,findtheamountthatheneedstopayineach
instalment.
a.12100b.12600c.12000d.12705

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IndrajeetSingh

LikeReply 4November5at10:25pm
RokasNPokasM.f*Amountis1yearinterest?
LikeNovember5at10:28pm

SankalpAgarwaalM.F*Amount=NextyearAmount
LikeNovember5at10:47pm
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KaushalDhanukathisisgreat!
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ChintanKonammeJustonedoubt,why/howdoweequate
1.1(23100x)=x?
LikeNovember9at4:27pm

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RokasNPokasKesekia
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DheerajRaghavendraDidn'tunderstand Canyoupleaseexplain?
IndrajeetSingh
LikeReplyNovember5at11:52pm
SumitVermaDheerajRaghavendraBrothereisdirectformulafor
equalinstallmentincaseurnotgettingapproach
(P*R)/100[1(100/100+R)^n]
LikeReplyNovember13at5:31am

ShephaliPrasadSumitVermaIsit100/(100+R)?Canusolveviathis
methos,iamnotgettingthesameans.
LikeReplyNovember14at5:53pm

SumitVermaShephaliPrasad

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ShephaliPrasadSumitVermaOhthewholepartafter100wasbelow
SearchFacebook PR...Thanksalot.
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IndrajeetSingh
November5at10:12pm

12.Asumofmoneytriplesatcompoundinterest
in7years.Inhowmanyyearswillitbecome27timesitself?

Like Comment

10

SahityaSoni21
LikeReplyNovember5at10:13pm
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NeelabhAbhishek21
LikeReplyNovember5at10:20pm

IndrajeetSinghUndercompoundinterestourtargetshouldbeamount...

amountattheendof1styearbecomesprincipalfor2ndyear.....

xbecomes3xin7years...

3xbecomes9xin7moreyearsand9xbecomes27xin7moreyears,....

soatotalof21years
LikeReply 6November5at10:21pm

ZehraZeya21
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IndrajeetSingh
November5at10:06pm

11.Whatwouldbetheinterestearned,ifa
personinvestsRs.2000at40%p.a.forone
year,
(a)interestcompoundedhalfyearlyand
(b)interestcompoundedoncein3months.

Like Comment

SahityaSoni2880,2928
LikeReplyNovember5at10:07pm
SahityaSoniitsamout
LikeReplyNovember5at10:08pmEdited

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AmanBishnoi880,928.2
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AmitTiwari880,928.2
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DamanpreetSingh2800,2928.2
LikeReplyNovember5at10:08pm

AbhishekMaverickDash880and928.2
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TanushreeSharma880,929.2
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AbhishekMaverickDash929kaise?
LikeReplyNovember5at10:09pm
TanushreeSharma928.2**srytype
LikeReply 1November5at10:09pm

TanushreeSharmatypo**
LikeReplyNovember5at10:10pm

KaushalDhanukathekeypadbecamegenerous,added1more
rupeeasinterest!
LikeReply 1November5at10:10pm

AbhishekMaverickDashKaushalDhanuka

LikeReplyNovember5at10:10pm

KaushalDhanukaTanushreeSharmaNooffencemeant
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TanushreeSharmanonetaken
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NeelabhAbhishek880,928.2
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ApoorvMehta2880
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SakshiRajpoot880,928.2
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RamandeepSinghDeol880,928.2
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SunilKumarBehera880,928
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RajanNarang880928
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IndrajeetSinghOA:880and928.2

a.R=20%andt=2timeperiods

b.R=10%andt=4timeperiods
LikeReply 2November5at10:11pm

DevendraThakur880,928.2
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ABDhiman880,928.2
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Writeacomment...

IndrajeetSingh
November5at10:01pm

10.Compoundingcanalsobedonemorefrequentlythanonceinayear
i.e.,onceineverysixmonths,every4months,every3months,every
monthetc.
Ifthecompoundingisdonemorethanonceinayear,
thenintheearlierdiscussedformulafor
An=P(1+r/100)^n
wherer=rateofinterestperannumshouldbe
changedtorateofinterestpercompoundingperiod.
i.e.,givenr%perannum,
r(new)=r/kpercompoundingperiod
wherekisnumberofcompoundingperiodsinayear.
Similarly,nintheformulawheren=numberofyears
shouldbechangedtototalnumberofcompounding
periods.
i.e.n(new)=knwherekisnumberofcompounding
periodsinayear.
Ex:Givenr=12%p.a.andn=2years,then
(a)ifcompoundingisdonehalfyearly(i.e.
2timesayear)thenr(new)=12/2=6%
n(new)=22=4.
(b)ifcompoundingisdonequarterly(i.e.4times
ayear)thenr(new)=12/4=3%andn(new 4
2=8.

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16

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IndrajeetSingh
November5at9:58pm

9.AsumunderCI,interestbeingcompoundedannuallyamountsto
Rs.6000intwoyearsandRs.7200inthreeyears.Findtherateofinterest.

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10

ApoorvMehta20
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AmanBishnoi20%
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DamanpreetSingh20
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AbhilashNanda20
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SakshiRajpoot20
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IndrajeetSinghaswealreadyknow..72006000=r/100*6000=20%
LikeReply 2November5at10:00pm

MridulAgrawal20%
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DevendraThakur20%
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ABDhiman20%
LikeReplyNovember6at12:31am

SohamGuptaIndrajeetSinghiftheinterestsaregivenforconsecutiveyear
instaeadofsum,then?
LikeReplyNovember6at12:40am

AbhishekSarin20
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IndrajeetSingh
November5at9:53pm

Note

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IndrajeetSingh
November5at9:47pm

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12/5/2016 Simple&CompoundInterest
7.IfCIfor3rdyrisRs.1000onacertainsumattherateof10%p.a.
SearchFacebook compoundedannually,thenwhatistheCIfor7thyear.
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11

ApoorvMehta1464.1
LikeReplyNovember5at9:48pm

VikasSharma1463
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SahityaSoni1464.1
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DamanpreetSingh1464
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TanushreeSharma1464.1
LikeReplyNovember5at9:51pm

IndrajeetSinghObservethetable...CIeveryyearbecomesthe(MF)*CIatthe
endofthepreviousyear....

herefrom3rdyearto7thyearwehave4compoundingperiods....

SoCIfor7thyear=(1.1)^4*1000=1464rs

MF:MultiplyingFactor=(1+R%/100)
LikeReply 8November5at9:52pm

RajanNarang1464.1
LikeReplyNovember5at9:52pm

IndrajeetSinghYoucandoitManuallyaswell

3rdyr:1000
4thyr:1000+100=1100
5thyr:1100+110=1210
6thyr:1210+121=1331
7thyr:1331+133.1=1464.1
LikeReply 1November5at9:52pm

ZehraZeya1464.1
LikeReplyNovember5at11:16pm

ABDhiman1464.1
LikeReplyNovember6at12:28am

Writeacomment...

IndrajeetSingh
November5at9:38pm

6.Asumofmoneydoublesin5yearsundersimpleinterest.Findinhow
manyyearswillitbecome6timesitself?

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10

AmanBishnoi25
LikeReplyNovember5at9:39pmEdited

VikasSharma25
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RajanNarang25
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NikitaGoyal25
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RokasNPokas25
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DamanpreetSingh25
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NiladriNandi25
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SakshiRajpoot25
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AbhilashNanda25
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SamriddhiTiwari25
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AshishGoyal25
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SahityaSoni15
LikeReplyNovember5at9:41pm
AnuragDang25
LikeReplyNovember5at9:41pm

IndrajeetSinghAsumofmoneydoublesmeansifyouinvestRs100it
becomesRs200whichalsomeans

P=100,A=200andInt=100
LikeReplyNovember5at9:42pm

IndrajeetSinghSoinsimpleinterestthefocusshouldalwaysbetheinterest...

asinterestremainsconstantthroughthetimeperiod...

Nowifasumofmoneydoubles...
xbecomes2xi.e.aninterestofxrsisearnedin5years...Soxtobecome6x
andinterestof5xwillbeearnedin5*5=25years
LikeReply 2November5at9:42pm

IndrajeetSinghPrincipal=xrs,Amount=2xsoInterest=2xx=xrsisearned
in5years..

Nowsinceitssimpleinteresttheinterestofxrswillbeearnedinevery5
years...soasperthequestionxtobecome6xweneedinterestof6xx=5x
whichwillbedonein5*5=25years
LikeReply 3November5at9:42pm
AbhishekMaverickDashorwecansaythatifitdoublesin5yrsthen
theinterestmustbe20%..thenwecancalculateitaccordingly
LikeReply 1November5at9:43pm

Writeareply...

AditiMendiratta25
LikeReplyNovember5at9:42pm
NisheetSood25
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SinghKuberthe25
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NeelabhAbhishek25
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ZehraZeya25
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ABDhiman25
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DevendraThakur25
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AbhishekSarin25
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DigvijayParate25
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IndrajeetSingh
November5at9:32pm

5.AsumofmoneyamountstoRS1200attheendoftwoyearsandalso
amountstoRs1800attheendof5yearsundersimpleinterest.Findthe
principalandrateofinterest?

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AshishAttal25and800
LikeReplyNovember5at9:33pm

AbhishekMaverickDash800and25%
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VikasSharma800principal
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VikasSharmaAnd25%
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AmanBishnoi800,25%
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SahityaSoni80025%
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RajanNarang80025
LikeReplyNovember5at9:35pmEdited
AbhishekMaverickDashtophirafter5yrsitshouldbe1500,not1800
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RajanNarangiagreewithyoubrother
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AjayGumber25and800
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NikitaGoyal*800
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SamriddhiTiwari80025%
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AditiMendiratta800and25%
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ApoorvMehta80025
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AshishGoyal800,25%
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IndrajeetSinghOa:800,25

Lettheinterestperyearbex.... SeeMore
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RokasNPokas800,25%
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NiladriNandi80025
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TanushreeSharma800,25
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SakshiRajpoot800,25
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DamanpreetSingh80025
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AnuragDang800,25
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NisheetSood800,25
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ZehraZeya800,25
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ABDhiman800and25%
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DigvijayParate800,25%
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IndrajeetSingh
November5at9:25pm
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12/5/2016 Simple&CompoundInterest
4.TheSimpleinterestfor2yearsisRs80andCIfortwoyearsifRs88.
SearchFacebook Siddhartha Home 3
Findtheprincipalandrateofinterest?

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14

DamanpreetSingh10%
LikeReplyNovember5at9:25pm
DamanpreetSingh800
LikeReplyNovember5at9:26pm

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NikitaGoyal20
LikeReplyNovember5at9:26pm
NikitaGoyal200
LikeReplyNovember5at9:28pm

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NikitaGoyal20
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MridulAgrawal20%
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MridulAgrawal200
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RajanNarang20020
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AbhilashNanda10%,800
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AbhilashNanda20%,200
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AshishAttal20pratishat
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AshishAttal200principal
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AmanBishnoi200,20
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SakshiRajpoot20,200
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AshishGoyal20
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AditiMendiratta20%,200
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SahityaSoni20%200
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TanushreeSharma20,200
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NiladriNandi20,200
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AmanRaj20020%
LikeReplyNovember5at9:28pm
ApoorvMehtaInterest=interestpeinterest!Rs8rate=8/40100=20
LikeReply 1November5at9:30pm

IndrajeetSinghSoweareusingtheobservationsthatijustshared.

1.Simpleinterestisconstantthroughouttimeperiod...SoSIforeachyearis
RS40...

2.SIandCIaresameforthefirstyearsoCIfor1styearis40andCIfor2nd
yearis48...
Finallydifferencebetweentheinterestof2yearsis8=r%of40

=20%and20%ofP=40SOP=200
LikeReply 8November5at9:30pm

SanketJhaP=200,Rate=20%
LikeReplyNovember5at9:30pm

AjayGumber20020%
LikeReplyNovember5at9:32pm
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AnuragDang20,200
LikeReplyNovember5at9:38pm

SinghKuberthe20%
the200
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NisheetSood20,200
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ABDhiman20%,200
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AbhishekSarin20,200
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DigvijayParate20,200
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IndrajeetSingh
November5at9:18pm

3.Alongwithsomeimportantpointstoremember
1.SIremainsfixedthroughoutthetimeperiod(ArithmeticProgression)
whereasCIchanges(Geometricprogression)
2.SIandCIremainfixedforthefirstyear
3.DifferencebetweenCIandSIattheendof2yearsisR/100(Interestof
1styear)

Like Comment

29

AshishAttalDifferencebetweenCIandSIattheendof2yearsPR^2/100^2
LikeReplyNovember5at9:20pm
AshishAttal3yearsdiff(PR^2/100^3)*(300+R)
LikeReplyNovember5at9:21pm

Writeareply...

SankalpAgarwaalAftertheendof3yearsis:(PR^3/100^3)+(3*PR^2/
100^2)
LikeReplyNovember5at9:21pm

NikitaGoyalAbnxt10yrstakkarattamarlo
LikeReply 7November5at9:23pm
AshishAttalgenerally2yamax3yearskabashoga
LikeReply 1November5at9:23pm
NikitaGoyalagree...btalreadyitnakuchhyrattamarneyko
LikeReply 3November5at9:35pm
AshishAttalgeometrynumbersandP&Cmaroratta
LikeReplyNovember5at9:36pm

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IndrajeetSingh
November5at9:10pm

2.BasicTermsofSIandCI
Here,
1.Xistheborrower.
2.Yisthelender.
3.Principal:Theoriginalsumborrowed,denotedbyP(Rs.1000).
4.Time:Periodforwhichmoneyisborrowed,denotedbyn,whichis
normallyexpressedinyears(2years).
So,borrower(X)hastopaysomeadditionalmoneytolender(Y)forusing
thelendersmoneysayRs.200.
5.Interest:Theadditionalmoney(excessoverprincipal)paidbyborrower
forusingthelendersmoneyisinterest,denotedby(Rs.200).
6.RateofInterest:Rateatwhichinterestiscalculatedontheoriginalsum,
denotedbyrandisexpressedasapercentageperannum.
7.Amount:Sumofprincipal+Interest,denotedby
A(Rs.1000+Rs.200=Rs.1200).
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IndrajeetSingh
November5at9:05pm

BasicsofSICI

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IndrajeetSingh
November5at9:01pm

Attendance!!
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