Question

A person borrowed some money
at 10% compound interest. If at
the end of three years he returns
Rs. 2662 then how much money
did he borrow?
(1) Rs. 2000 (2) Rs. 1900
(3) Rs. 1800 (4) Rs. 1980
​

Answer 1

Answer:

It will be like this .

Step-by-step explanation:

Principal :- Rs. 2662

Rate of interest :- 10%

Time :- 3 years

We have to find the interest .

As :- Principal × Rate of interest × Time

2662 × 10 ×3

----

100

= 3993

It means that our answer is 3993 .

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