Question
A sum becomes Rs. 9680 in 2 years at compound interest
compounded annually at 10% per annum. Find the principal.Solution
ATQ, A = P(1 + R/100)^2 9680 = P(1.1)^2 9680 = P x 1.21 P = 9680/1.21 = 8000
Which of the following statement is not true?Â
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