Practicing Success
Practicing Success
CUET Preparation Today
Rohit invested a sum for 2 years at the rate of 5% p.a. compound interest for 1st year and 6% p.a. for 2nd year. If he received Rs. 2,486 after 2 years then find the sum he invested. |
23000 22500 22000 21500 |
22000 |
5% = \(\frac{1}{20}\) and 6% = \(\frac{3}{50}\)
ATQ, ⇒ 113 R = 2486 ⇒ 1R = 22 Therefore, Principal = 1000 × 22 = Rs.22000 |
