Mathematics · Compound Interest

Compound interest is charged on a certain sum for 2 years at 10% rate per annum, compounding annually. If the amount becomes ₹ 605, then the principal (in ₹) is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1650
2500✓
3550
4600

Correct answer

500

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Compound interest is charged on a certain sum for 2 years at 10% rate per annum, compounding annually. If the amount becomes ₹ 605, then the principal (in ₹) is:

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Compound interest is charged on a certain sum for 2 years at 10% rate per annum, compounding annually. If the amount becomes ₹ 605, then the principal (in ₹) is:

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