What principal on compound interest has their amount Rs. 650 in one year and Rs. 676 in two years ?
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CI will earn interest on interest.
Analysing, we find Rs 676 - 650 = Rs 26 is interest earned on the sum at the beginning of second year.
=> Rate of Interest = 26/650 x 100 = 4%
=> Sum at beginning of first year = 650/104 x 100 = Rs 625
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