Mathematics · Compound Interest
A principal sum is invested at 10% compound interest annually for 2 years. It would fetch Rs 1,762 more if the interest were compounded half-yearly. Find the principal sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs 6,00,000
- 2Rs 4,20,000
- 3Rs 3,20,000✓
- 4Rs 5,60,000
Correct answer
Rs 3,20,000
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