Arithmeticmedium · Past Paper

What sum of money will amount to Rs 1331 in 3 years at 10% compound interest?

ARs 1000
BRs 1100
CRs 1200
DRs 1210

✓ Correct Answer: ARs 1000

A = P(1.1)^3 => 1331 = P(1.331) => P = 1000.

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