Mathematics · Compound Interest
The compound interest on a certain sum in 2 1 2 years at 10% p.a., with interest compounded annually, is Rs. 1,623. The sum is:
- 1Rs. 6,500
- 2Rs. 6,000✓
- 3Rs. 5,000
- 4Rs. 7,200
Correct answer
Rs. 6,000
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