Mathematics · Compound Interest
A principal is lent at a certain rate of compound interest (compounded annually). The total amount at the end of 1 year is Rs. 1150 and at the end of 2 years is Rs. 1322.5. What is the principal amount?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1000✓
- 2Rs. 1750
- 3Rs. 1600
- 4Rs. 1450
Correct answer
Rs. 1000
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