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The amount (in Rs) received at 10% per annum compound interest after 3 yrs is Rs. 119790. What was the principal?
- A90000
- B100000
- C80000
- D75000
Answer not set
Discussion 1
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CCommunity
Let principal be p
From the problem statement
⇒ 119790 = p(1 + 0.1)3
⇒ p = 119790/1.331
⇒ p = 90000
∴ Principal is Rs 90000.
From the problem statement
⇒ 119790 = p(1 + 0.1)3
⇒ p = 119790/1.331
⇒ p = 90000
∴ Principal is Rs 90000.