Mathematics · Compound Interest
A sum of money amounts to ₹1,620 in 2 years at 4% per annum compound interest, compounded yearly. The principal sum is closest to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1352.80
- 2₹1497.78✓
- 3₹1556.40
- 4₹1688.60
Correct answer
₹1497.78
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