Mathematics · Compound Interest
The compound interest on a sum of money at 10% per annum for 2 years (compounded annually) is Rs. 105. What is the principal sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 550
- 2Rs. 500✓
- 3Rs. 490
- 4Rs. 470
Correct answer
Rs. 500
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