Question

The sum of money that yields a compound interest of Rs. 420 during the second year at 5% per annum. Find the principal.​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

The total sum of money that yields 420 rs in 2nd year at 5% rate is Rs 8000. Given this interest is equal to rs 420. Hence the sum of money that will give 420 rs in 2nd year at 5% rate is Rs 8000.