Question

Q. 23 If the compound interest of an amount at the rate of 5% p.a. for 2 years
is Rs.123, then the principal is :
1) Rs. 1,200 2) Rs. 1,100 3) Rs. 1,000 4) Rs. 1,300​

Answer 1

Answer:

1230

Step-by-step explanation:

R=5%

I=rs 123

T=2yrs

now, P=I×100

T×R

=123×100/2×5

=1230

I think your given option is incorrect.

May be I also have incorrect steps.

hope it is helpful..

Thank you..☆☆