Arithmetichard · Past Paper
A sum of money at CI amounts to Rs. 4624 in 2 years and Rs. 4913 in 3 years. Find the sum.
ARs. 4000
BRs. 4096
CRs. 4200
DRs. 4500
✓ Correct Answer: B — Rs. 4096
R = (4913-4624)/4624 = 6.25%. 4624 = P(1.0625)^2 => P = 4096.
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