Question
A sum of money is invested at compound interest, with
the rate of interest being 10% per annum for the first year and 12% per annum for the second year. If the total interest earned after two years is ₹1,276, find the initial principal amount.Solution
Let the principal amount = P -Constable/1726199371-54.JPG)
P+1276 = 154P/125 1276 = 29P/125 P = 1276 × 125/29 P = 5,500
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