Mathematics · Compound Interest
Find the principal sum if the compound interest compounded annually for 3 years at the rate of 5% per annum is Rs. 1,261.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 5,000
- 2Rs. 6,000
- 3Rs. 7,000
- 4Rs. 8,000✓
Correct answer
Rs. 8,000
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