Mathematics · Compound Interest
The amount received on a certain sum at the same annual rate of interest after 3 years and 5 years on compound interest (compounding annually) is Rs. 15,972 and Rs. 19,326.12 respectively. What is that sum?
- 1Rs. 14,000
- 2Rs. 11,400
- 3Rs. 12,000✓
- 4Rs. 10,000
Correct answer
Rs. 12,000
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