Mathematics · Compound Interest
A certain sum, when invested for 2 years at 12% per annum compound interest, compounded annually, amounts to Rs. 39,200. Find the sum invested.
- 1Rs. 36,290
- 2Rs. 38,670
- 3Rs. 31,250✓
- 4Rs. 32,800
Correct answer
Rs. 31,250
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