A sum amounts to Rs. 8,820 in 2 years and Rs. 9,261 in 3 years at compound interest. Find the principal.

Type: MCQ • Marks: 1

A. 8500

B. 8000

C. 8200

D. 7500

Explanation

Rate=(9261/8820-1)×100=5%. Principal=8820/(1.05)^2=Rs. 8,000.

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UP TGT Mathematics

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