Mathematics · Compound Interest
An amount was lent for 1 year at 4% per annum compound interest, compounded half-yearly. If it amounts to Rs. 7,803 at the end of the year, the principal sum is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 7,502.88
- 2Rs. 7,490.88
- 3Rs. 7,500.00✓
- 4Rs. 7,214.31
Correct answer
Rs. 7,500.00
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