Mathematics · Compound Interest
A certain sum amounts to ₹5,887 in 2 years at 16% per annum compound interest, compounded yearly. Find the principal sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹4,126
- 2₹4,375✓
- 3₹4,523
- 4₹4,786
Correct answer
₹4,375
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