Q. 17 C4.3( 11 Votes )

Let us calculate the principal that at the rate of 5% compound interest per annum becomes ₹615 after two years.

Answer :

Let principal = ₹x


At the rate of 5% compound interest per the annum the amount for 2 years




Compound interest for 2 years


By the condition,





x = ₹6000


Principal is ₹6000


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RELATED QUESTIONS :

In case of compound interest

West Bengal Board - Mathematics