Mathematics · Compound Interest
A sum amounts to ₹ 16,854 in 2 years at 6% per annum compound interest, compounded annually. Find the principal sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 16,000
- 2₹ 15,000✓
- 3₹ 14,000
- 4₹ 11,000
Correct answer
₹ 15,000
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