Mathematics · Compound Interest
On a certain sum, if the compound interest earned during the second year alone at the rate of 7% per annum is ₹ 15,729, then the initial sum is:
- 1₹ 2,12,355
- 2₹ 2,10,000✓
- 3₹ 2,09,280
- 4₹ 2,08,215
Correct answer
₹ 2,10,000
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