Mathematics

Assertion (A): A certain sum of money is borrowed at 10% compound interest for two years, it amounts to ₹ 5,000. The sum borrowed = ₹ 5,000 (1 - 10/100)(1 - 10/100) . Reason (R): Since, amount = sum borrowed x (1 + 10/100)(1 + 10/100). ∴ Sum borrowed = Amount x (1 - 10/100)(1 - 10/100) . 1. A is true, R is false. 2. A is false, R is true. 3. Both A and R are true. 4. Both A and R are false.

Compound Interest

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