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Finding CI When Rate Compounded Anually or Semi - Anually

A certain sum...

Question

A certain sum of money amounts to Rs 5292 in 2 years and Rs 5556.60 in 3years, interest being compounded annually. Find the the sum.

A

Rs 4800 = P

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B

Rs 5900 = P

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C

Rs 6500 = P

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D

Rs 2300 = P

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Solution

The correct option is A
Rs 4800 = P

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