Mathematics · Compound Interest
The profit earned by Chand in the year 2023 is ₹2580. Find the amount which when lent on compound interest at 15% per annum, interest being compounded annually for 2 years, gives a total interest equal to the profit earned by Chand in 2023.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹6,000
- 2₹8,000✓
- 3₹7,000
- 4₹9,000
Correct answer
₹8,000
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