Mathematics · Interest

A principal is lent at a certain rate of compound interest (compounding annually). The amount at the end of 2 years is Rs. 22,500 and at the end of 3 years is Rs. 33,750. What is the principal?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 13,000
2Rs. 12,700
3Rs. 12,500
4Rs. 10,000✓

Correct answer

Rs. 10,000

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A principal is lent at a certain rate of compound interest (compounding annually). The amount at the end of 2 years is Rs. 22,500 and at the end of 3 years is Rs. 33,750. What is the principal?

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A principal is lent at a certain rate of compound interest (compounding annually). The amount at the end of 2 years is Rs. 22,500 and at the end of 3 years is Rs. 33,750. What is the principal?

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