Mathematics
NULL
Medium
Question
What principal at CI amounts to Rs.8820 in 2 years and Rs.9261 in 3 years?
A
Rs.8000
✓ Official correct answer
B
Rs.8400
C
Rs.7500
D
None
Community credibility
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A
Rs.8000
No member explanations yet for this option.
B
Rs.8400
No member explanations yet for this option.
C
Rs.7500
No member explanations yet for this option.
D
None
No member explanations yet for this option.
Explanation
Rate from year 2 to 3: 9261/8820 − 1 = 5%. Principal = 8820 / (1.05)² = Rs.8000.