Question

A sum amount of rupees 1352 in 2 years at 4% compound interest. The sum is

Answer 1

Answer:

Rs. 1250

Explanation:

Let the sum be Rs. x

\therefore 1352=x\left ( 1+\frac{4}{100} \right )^{2}

=>1352=x\left ( 1+\frac{1}{25} \right )^{2}

=>1352=x\left ( \frac{26}{25} \right )^{2}

=>x=\frac{1352\times 25\times 25}{26\times 26}

=>x=Rs. 1250

Answer 2

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