Mathematics · Compound Interest
A certain sum of money on compound interest becomes ₹56,180 when compounded annually after 2 years and ₹59,550.80 after 3 years. Find the principal sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹45,200
- 2₹51,100
- 3₹50,000✓
- 4₹48,000
Correct answer
₹50,000
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