Mathematics · Compound Interest
A sum of money invested at compound interest (compounded annually) becomes ₹13395.6 in 2 years. If the rate of interest is 22 percent per annum, what is the principal amount?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 8800
- 2Rs. 12000
- 3Rs. 8700
- 4Rs. 9000✓
Correct answer
Rs. 9000
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