Question
A sum is lent on compound interest for 2 years at 10%
p.a. If the compound interest on the sum is Rs.4410, find the sum.Solution
Let the sum be Rs.x. According to question, => 4410 = x(1.1)2 – x => 4410 = 1.21x – x => 4410 = 0.21x => x = Rs.21000
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