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6. Compound Interest and Uniform Rate of Increase or Decrease
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Q17 of 52 Page 117

Let us calculate the principal that at the rate of 5% compound interest per annum becomes ₹615 after two years.

Let principal = ₹x


At the rate of 5% compound interest per the annum the amount for 2 years




∴ Compound interest for 2 years


By the condition,





∴ x = ₹6000


∴ Principal is ₹6000


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Questions · 52
6. Compound Interest and Uniform Rate of Increase or Decrease
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