A sum amounts to Rs. 1352 in 2 years at 4% compound interest. The sum is Options: A . &nbsp1200 B . &nbsp1250 C . &nbsp1260 D . &nbsp1300 E . &nbspNone of these

A sum amounts to Rs. 1352 in 2 years at 4% compound interest. The sum is

Question

A sum amounts to Rs. 1352 in 2 years at 4% compound interest. The sum is

Answer: Option B
- Let the sum be P. Then, 1352 = P ( 1+ 4 ) 2 100 1352 = P x 26 x 26 25 25 P = 1352 x 25 x 25 = 1250 26 x 26 Principal = Rs. 1250

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