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Discussion :: Compound Interest

  1. On a certain sum of money the compound interest Rs. 318 is earned in 2 years. If the rate of interest is 12%, what is the principal amount?

    2. A.
    Rs. 1250
    B.
    Rs.1300
    C.
    Rs. 1200
    D.
    Rs. 1150

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    Answer : Option A

    Explanation :

    We have;

    C.I. = Rs. 318

    r = 12%

    t = 2 years

    Apti Compound interest36

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