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A sum amounts to Rs. 882 in 2 years at 5% compound interest. The sum is
- a)Rs. 800
- b)Rs. 822
- c)Rs. 840
- d)Rs. 816
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A sum amounts to Rs. 882 in 2 years at 5% compound interest. The sum i...
Compound interest = Amount -Principal
Amount = P(1 + R/100)N
882 = P(1+5/100)2
= 882 × 20/21 × 20/21
P = 800
Amount = P(1 + R/100)N
882 = P(1+5/100)2
= 882 × 20/21 × 20/21
P = 800
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Community Answer
A sum amounts to Rs. 882 in 2 years at 5% compound interest. The sum i...
[ A=p(1+R/100)^n ]
882=p(1+5/100)^2
882=p(1+1/20)^2
P=882×20×20/21×21
p=800
882=p(1+5/100)^2
882=p(1+1/20)^2
P=882×20×20/21×21
p=800
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A sum amounts to Rs. 882 in 2 years at 5% compound interest. The sum isa)Rs. 800b)Rs. 822c)Rs. 840d)Rs. 816Correct answer is option 'A'. Can you explain this answer?
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