Compound interest on a sum of money for 2 years at 5% is Rs. 369. Find the sum.
Compound interest on a sum of money for 2 years at 5% is Rs. 369. Find the sum.
Option 1 -
3000
Option 2 -
3600
Option 3 -
3700
Option 4 -
3200
Asked by Shiksha User
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1 Answer
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Correct Option - 2
Detailed Solution:P (1.05)2 − P = 369 or P = 3600
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