Mathematics · Compound Interest
A certain sum of money is invested at 5% Compound Interest, compounded annually for three years. If the total interest earned is Rs. 2522, then find the principal sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 16000✓
- 2Rs. 13000
- 3Rs. 10000
- 4Rs. 17000
Correct answer
Rs. 16000
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