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Vipin Tiwari

· started a discussion

· 1 Months ago

question no. 70 (Question: 198240.0 )

solution is
4%= 1/25
let principal is 625
then CI= 51units
principle+CI= 625+51=676
if 676 units =1352
1 unit =2
so 625 units = 2*625=1250

Question:
A sum of money amounts to Rs. 1352 in 2 years  at 4% per amount of compound interest. Find the amount of sum.
Options:
A) Rs. 1200
B) Rs. 1250
C) Rs. 1280
D) Rs. 1296
Solution:
Ans: (b) 

Amount = Rs. 1352

Time = 2 years 

Rate = 4%


P = Rs. 1250

Knowledge Expert

· commented

· 1 Months ago

Dear Student,
Your solution is also good.
Best Wishes
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