Mathematics · Compound Interest
On a certain principal, the compound interest, compounded annually, for the second year at 20% per annum is Rs. 1,300. The principal is (consider the nearest integral value):
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 4,417
- 2Rs. 5,417✓
- 3Rs. 5,400
- 4Rs. 5,600
Correct answer
Rs. 5,417
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