Q3 of 89 Page 14

A sum amounts to Rs. 756.25 at 10% per annum in 2 years, compounded annually. Find the sum .

Given,


Amount = Rs.756.25


Rate = 10% p.a


Time = 2 years


Let principal = P


So,


A =


=


= P


=


Hence,


Principal = Rs.625


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