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A person invested an amount of Rs 150000. 30% of the amount was invested in a b

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Practice Simplification – A person invested an amount of Rs 150000. 30% of the amount was invested in a bond which gave simple interest at the rate of 20% per annum. Remaining was deposited in a bank where the amount was compounded yearly at the rate of 20% per annum. The term of deposit in both situations was 2 years. What will be the difference between the compound interest and the simple interest.

At the end of year 1998, Shepard bought nine dozen goats. Henceforth, every year

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Practice Simple Interest – At the end of year 1998, Shepard bought nine dozen goats. Henceforth, every year he added p% of the goats at the beginning of the year and sold q% of the goats at the end of the year where p > 0 and q > 0. If Shepard had nine dozen goats at the end of year 2002, after making the sales for that year, which of the following is true?