Find the principal if it amounted to rupees 16335 compounded annually at the rate of 10% p.a. in 2 years.
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A = 16335, r = 10%, t = 2 yrs
A = P(1 + r/100)^n
16335 = P(1 + 10/100)^2
16335 = P(11/10)^2
16335 = P(121/100)
or P = 16335 x 100 /121
P = Rs 13500
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