Mathematics · Compound Interest

A certain sum yields Rs 4485 as compound interest (compounded annually) at the rate of 30% per annum at the end of 2 years. What is that sum?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs 6850
2Rs 6700
3Rs 6500✓
4Rs 8850

Correct answer

Rs 6500

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A certain sum yields Rs 4485 as compound interest (compounded annually) at the rate of 30% per annum at the end of 2 years. What is that sum?

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A certain sum yields Rs 4485 as compound interest (compounded annually) at the rate of 30% per annum at the end of 2 years. What is that sum?

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