Practicing Success
The compound interest on a certain sum of money for 2 year at the rate of 5% p.a. is Rs. 328. Find double of principal. |
4000 4800 6400 3500 |
6400 |
5% = \(\frac{1}{20}\) Therefore, Let principal is 400 (square of 20) Total C. I. = 41 ATQ, 41 R = 328 ⇒ 1R = 8 400 R = 400 × 8 = 3200 Double of principal = 3200 × 2 = Rs.6400 |