Mathematics · Compound Interest
Akhilesh borrowed a certain sum on compound interest and repaid it in 3 equal annual installments of Rs. 46,305 each. If the rate of interest charged is 5% per annum, find the principal sum borrowed.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,20,000
- 2Rs. 1,26,200
- 3Rs. 1,26,100✓
- 4Rs. 1,25,000
Correct answer
Rs. 1,26,100
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