1.

The amount received at 10% per annum compound interest after 3 yrs is Rs. 10,648. What was the principal (in Rs.)?1). 80002). 90003). 85004). 7500

Answer»

We have,

AMOUNT = PRINCIPAL × (1 + Rate/100)time

10648 = Principal × (1 + 10/100)3

⇒ 10648 = 1.331 × Principal

⇒ Principal = 10648/1.331 = 8000


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