Question
A sum becomes Rs.1,352 in 2 years at 4% per annum compound interest. The sum is
Answer: Option A
Answer: (a)Using Rule 1,Let the sum be Rs.x.1352 = $x(1 + 4/100)^2$1352 = $x(1 + 1/25)^2$$1352 = x(26/25)^2$$x = {1352 × 25 × 25}/{26 × 26}$ = Rs.1250
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Answer: (a)Using Rule 1,Let the sum be Rs.x.1352 = $x(1 + 4/100)^2$1352 = $x(1 + 1/25)^2$$1352 = x(26/25)^2$$x = {1352 × 25 × 25}/{26 × 26}$ = Rs.1250
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