Mathematics · Compound Interest
If the total compound interest earned after 2 years at the rate of 12% per annum compounded annually is Rs. 134.40, then the principal amount is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,200
- 2Rs. 500✓
- 3Rs. 600
- 4Rs. 1,100
Correct answer
Rs. 500
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