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    Question

    A sum is lent on compound interest for 2 years at 12%

    p.a. If the compound interest on the sum is Rs.4579.2, find the sum.
    A 17000 Correct Answer Incorrect Answer
    B 15000 Correct Answer Incorrect Answer
    C 18000 Correct Answer Incorrect Answer
    D 14000 Correct Answer Incorrect Answer

    Solution

    Let the sum be Rs.x. According to question, => 4579.2┬а= x(1.12)2┬атАУ x => 4579.2┬а= 1.2544x тАУ x => 4579.2┬а= 0.2544x => x = Rs.18000

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