Question

1. If an amount is kept in bank and increases by 10% of initial amount every year. After 6 years if the initial
amount is added to the final amount from bank. The total is 2,60,000/- Find the Principle amount?
A) 1,00,000
B) 1,60,000
C) 1,50,000
D) 2,00,000
answer with explanation please​

Answer 1

1,50,000

Make me brain list

Answer 2

A =p(1+r)ⁿ

260000 = p(1+10%)⁶

260000/1.1⁶ =P

=146763.2

answer is C