Q6 of 52 Page 112

chandadavi borrowed some money for 2 years in the compound interest at the rate of 8% per annum. Let us calculate if the compound interest is ₹2946, then how much money she had lended.

Let principal = ₹ x


At the rate of 8% compound interest per the annum the amount for 2 years




∴ Compound interest for 2 years


By the condition,





∴ x = ₹17704.32692


∴ Principal is ₹17704.32692


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