The principal amount which earns ₹132 as compound interest for the 2nd year at 10% interest per annum is,??
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Then,x×10×1100 =132 orx=1320. Now,let the original principal be Rs. p Then, amount after 1 year =p+p×10×1100 =11p10. ∴11p10=1320 orp=1320×1011 =Rs.
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