Mathematics · Compound Interest
A sum of money invested at compound interest (compounded annually) amounts to ₹12,300.80 in 2 years. If the rate of interest is 24% per annum, what is the principal sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹8,000✓
- 2₹10,500
- 3₹9,000
- 4₹8,500
Correct answer
₹8,000
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