What principal on compound interest has their amount Rs. 650 in one ye

1.	What principal on compound interest has their amount Rs. 650 in one year and Rs. 676 in two years?1. Rs. 5202. Rs. 5723. Rs. 6004. Rs. 625
Answer» Correct Answer - Option 4 : Rs. 625 Given: Amount in one year = 650 Amount in two years = 676 Concept used: Amount = P(1 + R/100)^T Calculation: Let the principal be x. For one year, ⇒ x(1 + R/100)¹ = 650 ----(1) For two years, ⇒ x(1 + R/100)² = 676 ----(2) Dividing equation (2) and (1), [x(1 + R/100)²]/[x(1 + R/100)¹] = 676/650 ⇒ (1 + R/100) = 26/25 From equation (1), ⇒ x(26/25) = 650 ⇒ x = (650 × 25)/26 ⇒ x = 25 × 25 ⇒ x = 625 ∴ The principle is Rs. 625.

What principal on compound interest has their amount Rs. 650 in one year and Rs. 676 in two years?1. Rs. 5202. Rs. 5723. Rs. 6004. Rs. 625

Answer» Correct Answer - Option 4 : Rs. 625

Given:

Amount in one year = 650

Amount in two years = 676

Concept used:

Amount = P(1 + R/100)^T

Calculation:

Let the principal be x.

For one year,

⇒ x(1 + R/100)¹ = 650 ----(1)

For two years,

⇒ x(1 + R/100)² = 676 ----(2)

Dividing equation (2) and (1),

[x(1 + R/100)²]/[x(1 + R/100)¹] = 676/650

⇒ (1 + R/100) = 26/25

From equation (1),

⇒ x(26/25) = 650

⇒ x = (650 × 25)/26

⇒ x = 25 × 25

⇒ x = 625

∴ The principle is Rs. 625.

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What principal on compound interest has their amount Rs. 650 in one year and Rs. 676 in two years?1. Rs. 5202. Rs. 5723. Rs. 6004. Rs. 625

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