What is the principle amount which earns Rs.132 as compound interest for the se

Question

What is the principle amount which earns Rs.132 as compound interest for the second year at 10 % per annum?

Options:

A . Rs. 1000

B . Rs. 1200

C . Rs. 1320

D . None of these

Answer: Option B

X be the principle at the end of the first year

=> x =1320

Y be the original Principle

=> Y =1200

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