Compound Interest Practice Test 4

Question : 20 of 40

Marks: +1, -0

Find the sum invested by Raghav at 10%per annum for 5 years if at the end he gets Rs 1,127.

Solution:

Amount

=P(1+r/100)^t

1127=P(1+10/100)^5

1127=P(11/10)^5

P=700

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