Mathematics · Compound Interest
Find the principal amount if the compound interest is charged at the rate of 1623% per annum compounded annually for two years, and the total amount (sum) becomes Rs. 196.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 160
- 2Rs. 150
- 3Rs. 144✓
- 4Rs. 140
Correct answer
Rs. 144
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