Arithmetichard · Past Paper
A sum of money amounts to Rs 4840 in 2 years and Rs 5324 in 3 years at compound interest. Find the principal.
ARs 3600
BRs 4000
CRs 4200
DRs 3800
✓ Correct Answer: B — Rs 4000
Rate = (5324-4840)/4840 = 484/4840 = 10%. P = 4840 / (1.1)^2 = 4840 / 1.21 = 4000.
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