Mathematics
NULL
Medium
Question
What principal earns Rs.132 as compound interest in the second year at 10% p.a.?
A
Rs. 1000
B
Rs. 1200
✓ Official correct answer
C
Rs. 1320
D
None of these
Community credibility
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A
Rs. 1000
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B
Rs. 1200
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C
Rs. 1320
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D
None of these
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Explanation
Second-year CI = P × 1.1 × 0.1 = 0.11P = 132 ⇒ P = Rs.1200.