Mathematics · Compound Interest
A sum of money amounts to Rs 19,467.20 after 3 years at 15% per annum compound interest (compounded annually). What is the principal sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 14,700
- 2Rs. 12,200
- 3Rs. 11,500
- 4Rs. 12,800✓
Correct answer
Rs. 12,800
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