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A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:

Option :

Answer:Option 1

Explanation:

Solution:
S.P. = P.W.ofRs.2200due1yearhence=Rs.[2200×100100+(10×1)]=Rs.2000.Gain=Rs.(20001950)=Rs.50.



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