A sum of money becomes Rs. 4840 at a compound interest rate of 10 %per annum in 2 years. find the principal at the beginning of the second year.
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Answer:
Amount (A1) = Rs. 4840
Amount (A2) = Rs. 5324
Let the principal = Rs. P
For this refer attachment
Required Rate %
=(5324−4840)4840×100=10
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