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    Question

    A sum becomes 12100 in 2 years at 10% annual CI. Find

    the principal.
    A Rs.10,435 Correct Answer Incorrect Answer
    B Rs.10,000 Correct Answer Incorrect Answer
    C Rs.10,520 Correct Answer Incorrect Answer
    D Rs.10,675 Correct Answer Incorrect Answer

    Solution

    ATQ, Amount = P(1.1)² = P × 1.21 P = 12100/1.21 = Rs.10,000

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