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 - <p>3000</p>
Option 2 - <p>3600</p>
Option 3 - <p>3700</p>
Option 4 - <p>3200</p>
4 Views|Posted 6 months ago
Asked by Shiksha User
1 Answer
R
Answered by
6 months ago
Correct Option - 2
Detailed Solution:
P (1.05)2 − P = 369 or P = 3600
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